Oppenheimer Holdings Inc. Reaffirms “Outperform” Rating for XPO Logistics Inc (XPO)

Oppenheimer Holdings Inc. reaffirmed their outperform rating on shares of XPO Logistics Inc (NYSE:XPO) in a report released on Friday morning. They currently have a $63.00 price objective on the transportation company’s stock, up from their previous price objective of $58.00.

Other analysts also recently issued research reports about the stock. Vertical Research began coverage on shares of XPO Logistics in a report on Thursday, April 13th. They set a buy rating and a $60.00 price target on the stock. Credit Suisse Group AG raised their price target on shares of XPO Logistics from $64.00 to $66.00 and gave the company an outperform rating in a report on Friday, May 5th. Morgan Stanley raised their price target on shares of XPO Logistics from $56.00 to $60.00 and gave the company an overweight rating in a report on Monday, May 8th. Stifel Nicolaus raised their price target on shares of XPO Logistics from $60.00 to $65.00 and gave the company a buy rating in a report on Friday, May 5th. Finally, Zacks Investment Research raised shares of XPO Logistics from a hold rating to a strong-buy rating and set a $55.00 price target on the stock in a report on Wednesday, February 15th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $60.00.

Shares of XPO Logistics (NYSE:XPO) opened at 52.24 on Friday. The firm has a 50-day moving average of $49.74 and a 200 day moving average of $46.41. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 61.53 and a beta of 2.11. XPO Logistics has a 12 month low of $22.23 and a 12 month high of $55.66.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.55 billion. XPO Logistics had a negative net margin of 0.17% and a positive return on equity of 2.28%. On average, analysts expect that XPO Logistics will post $1.95 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of XPO Logistics by 1.2% in the third quarter. Northern Trust Corp now owns 1,099,800 shares of the transportation company’s stock valued at $40,331,000 after buying an additional 13,076 shares during the period. California State Teachers Retirement System boosted its position in shares of XPO Logistics by 0.8% in the third quarter. California State Teachers Retirement System now owns 207,415 shares of the transportation company’s stock valued at $7,606,000 after buying an additional 1,700 shares during the period. HAP Trading LLC boosted its position in shares of XPO Logistics by 43.5% in the third quarter. HAP Trading LLC now owns 239,897 shares of the transportation company’s stock valued at $8,797,000 after buying an additional 72,730 shares during the period. BlackRock Group LTD boosted its position in shares of XPO Logistics by 19.0% in the third quarter. BlackRock Group LTD now owns 86,922 shares of the transportation company’s stock valued at $3,187,000 after buying an additional 13,869 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of XPO Logistics by 10.4% in the third quarter. TIAA CREF Investment Management LLC now owns 333,981 shares of the transportation company’s stock valued at $12,247,000 after buying an additional 31,506 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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.

5 Day Chart for NYSE:XPO

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