XPO Logistics, Inc. (XPO) Price Target Raised to $80.00

XPO Logistics, Inc. (NYSE:XPO) had its price objective raised by investment analysts at Stifel Nicolaus from $77.00 to $80.00 in a note issued to investors on Monday, November 6th, MarketBeat reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.37% from the stock’s current price.

A number of other equities analysts have also commented on XPO. Credit Suisse Group boosted their price objective on XPO Logistics from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Deutsche Bank AG reissued a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a report on Friday, November 3rd. Cowen and Company lifted their price target on XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $76.28.

Shares of XPO Logistics (XPO) opened at $76.65 on Monday. XPO Logistics has a 1-year low of $42.07 and a 1-year high of $77.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $9,190.00, a PE ratio of 44.24, a PEG ratio of 1.10 and a beta of 2.47.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. sell-side analysts anticipate that XPO Logistics will post 1.92 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new position in XPO Logistics during the second quarter valued at $1,147,000. K.J. Harrison & Partners Inc purchased a new position in shares of XPO Logistics in the third quarter worth about $847,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of XPO Logistics in the third quarter worth about $102,000. Advisors Asset Management Inc. lifted its stake in shares of XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares in the last quarter. Finally, Argent Trust Co purchased a new position in XPO Logistics during the second quarter worth about $205,000. 94.57% of the stock is currently owned by institutional investors and hedge funds.

XPO Logistics Company Profile

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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