Citigroup reiterated their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research note issued to investors on Tuesday, January 9th, The Fly reports. They currently have a $104.00 target price on the transportation company’s stock, up from their prior target price of $85.00.
A number of other equities research analysts have also recently issued reports on XPO. Credit Suisse Group lifted their price target on shares of XPO Logistics from $68.00 to $76.00 and gave the company an outperform rating in a research note on Friday, September 29th. Barclays lifted their price target 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. JPMorgan Chase & Co. lifted their price target 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. Oppenheimer reissued a buy rating and issued a $75.00 price target on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, KeyCorp reissued a buy rating and issued a $75.00 price target on shares of XPO Logistics in a research note on Thursday, October 12th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. XPO Logistics currently has a consensus rating of Buy and a consensus target price of $89.50.
XPO Logistics (XPO) traded up $2.55 during trading hours on Tuesday, hitting $94.64. 1,020,082 shares of the stock traded hands, compared to its average volume of 1,231,409. 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 cap of $11,350.00, a price-to-earnings ratio of 78.87, a price-to-earnings-growth ratio of 0.85 and a beta of 2.51. XPO Logistics has a 52-week low of $42.07 and a 52-week high of $95.35.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. equities research analysts forecast that XPO Logistics will post 1.93 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC acquired a new stake in XPO Logistics during the 2nd quarter worth $1,147,000. K.J. Harrison & Partners Inc acquired a new stake in XPO Logistics during the 3rd quarter worth $847,000. Fuller & Thaler Asset Management Inc. acquired a new stake in XPO Logistics during the 3rd quarter worth $102,000. Benjamin F. Edwards & Company Inc. acquired a new stake in XPO Logistics during the 4th quarter worth $172,000. Finally, Oak Point Wealth Management acquired a new stake in XPO Logistics during the 4th quarter worth $220,000.
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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