Oppenheimer reaffirmed their buy rating on shares of XPO Logistics (NYSE:XPO) in a report published on Tuesday. They currently have a $104.00 price objective on the transportation company’s stock. Oppenheimer also issued estimates for XPO Logistics’ Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.92 EPS and FY2019 earnings at $3.66 EPS.
A number of other research firms have also recently weighed in on XPO. Deutsche Bank reiterated a buy rating on shares of XPO Logistics in a research note on Thursday, December 28th. Barclays boosted their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an overweight rating in a research note on Monday, October 2nd. Bank of America set a $103.00 target price on shares of XPO Logistics and gave the company a buy rating in a research note on Wednesday, January 3rd. Cowen boosted their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the company a strong-buy rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of XPO Logistics from $74.00 to $84.00 and gave the company an overweight rating in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $89.50.
XPO Logistics (NYSE:XPO) traded up $2.88 during trading on Tuesday, reaching $94.82. 1,190,500 shares of the company traded hands, compared to its average volume of 1,255,900. XPO Logistics has a 1-year low of $42.07 and a 1-year high of $95.07. The stock has a market capitalization of $11,340.00, a PE ratio of 79.02, a PEG ratio of 0.84 and a beta of 2.51. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. equities analysts predict that XPO Logistics will post 1.92 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of XPO Logistics during the 3rd quarter valued at approximately $102,000. BNP Paribas Arbitrage SA lifted its stake in shares of XPO Logistics by 49.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after buying an additional 1,129 shares in the last quarter. Oak Point Wealth Management purchased a new stake in shares of XPO Logistics during the 4th quarter valued at approximately $220,000. Commonwealth Equity Services Inc purchased a new stake in shares of XPO Logistics during the 3rd quarter valued at approximately $230,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of XPO Logistics during the 3rd quarter valued at approximately $231,000.
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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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