Oppenheimer Holdings, Inc. reissued their outperform rating on shares of XPO Logistics, Inc. (NYSE:XPO) in a report issued on Friday, May 12th. They currently have a $63.00 target price on the transportation company’s stock, up from their prior target price of $58.00.
Several other analysts have also commented on the company. Vertical Research began coverage on XPO Logistics in a report on Thursday, April 13th. They set a buy rating and a $60.00 price objective for the company. Credit Suisse Group restated an outperform rating and issued a $63.00 target price on shares of XPO Logistics in a research note on Monday, March 6th. Zacks Investment Research upgraded XPO Logistics from a hold rating to a strong-buy rating and set a $55.00 target price for the company in a research note on Wednesday, February 15th. Stifel Nicolaus lifted their price objective on XPO Logistics from $60.00 to $65.00 and gave the company a buy rating in a research note on Friday, May 5th. Finally, Morgan Stanley lifted their price objective on XPO Logistics from $56.00 to $60.00 and gave the company an overweight rating in a research note on Monday, May 8th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $61.14.
Shares of XPO Logistics (NYSE XPO) traded up 0.74% during trading on Friday, hitting $61.52. The stock had a trading volume of 1,469,477 shares. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 72.55 and a beta of 2.25. The firm has a 50 day moving average price of $54.98 and a 200-day moving average price of $48.96. XPO Logistics has a 52 week low of $22.23 and a 52 week high of $61.84.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.55 billion. On average, equities research analysts forecast that XPO Logistics will post $1.97 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares in the last quarter. Advisors Asset Management Inc. increased its position in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock worth $165,000 after buying an additional 286 shares during the last quarter. Finally, FTB Advisors Inc. acquired a new stake in shares of XPO Logistics during the first quarter worth approximately $196,000. Institutional investors own 93.17% 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.
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