XPO Logistics, Inc. (NYSE:XPO) Price Target Raised to $75.00

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.

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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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