XPO Logistics, Inc. (NYSE:XPO) had its price target hoisted by investment analysts at Credit Suisse Group from $76.00 to $79.00 in a research note issued on Friday. The firm presently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 7.91% from the stock’s previous close.
A number of other research analysts have also weighed in on XPO. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. lifted their price objective on shares of XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Morgan Stanley lifted their price objective on shares of XPO Logistics from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Finally, BidaskClub downgraded shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. XPO Logistics currently has a consensus rating of “Buy” and an average target price of $73.50.
Shares of XPO Logistics (XPO) traded up $3.51 on Friday, reaching $73.21. 1,287,502 shares of the company’s stock were exchanged, compared to its average volume of 1,374,172. The stock has a market capitalization of $8,558.58, a P/E ratio of 41.36 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.34%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. equities analysts forecast that XPO Logistics will post 1.92 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC acquired a new position in XPO Logistics during the second quarter worth $1,147,000. Prudential Financial Inc. increased its holdings in XPO Logistics by 1.5% during the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after buying an additional 150 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in XPO Logistics by 1.8% during the second quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock worth $576,000 after buying an additional 161 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in XPO Logistics by 1.6% during the second quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock worth $704,000 after buying an additional 179 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in XPO Logistics by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.
About XPO Logistics
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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