XPO Logistics, Inc. (NYSE:XPO) had its price target hoisted by stock analysts at Morgan Stanley from $60.00 to $75.00 in a research report issued to clients and investors on Monday, July 17th. The brokerage currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential upside of 34.82% from the stock’s current price.
XPO has been the subject of a number of other research reports. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 target price (up previously from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. KeyCorp upped their target price on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Finally, Credit Suisse Group upped their target price on shares of XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.73.
XPO Logistics (NYSE:XPO) opened at 55.63 on Monday. XPO Logistics has a 12-month low of $31.68 and a 12-month high of $65.44. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 63.72 and a beta of 2.31. The stock has a 50 day moving average price of $60.94 and a 200-day moving average price of $53.43.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that XPO Logistics will post $1.92 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after buying an additional 6,465 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of XPO Logistics during the first quarter valued at about $1,581,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of XPO Logistics during the first quarter valued at about $232,000. 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 valued at $143,000 after buying an additional 241 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of XPO Logistics by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 689,597 shares of the transportation company’s stock valued at $29,763,000 after buying an additional 48,693 shares in the last quarter. Hedge funds and other institutional investors own 88.06% 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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