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.
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.
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