XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a report issued on Friday. They currently have a $110.00 target price on the transportation company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 50.17% from the stock’s previous close.
Several other brokerages also recently commented on XPO. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $78.00 price objective (up previously from $65.00) on shares of XPO Logistics in a research report on Tuesday, July 11th. BidaskClub cut XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Credit Suisse Group boosted their price objective on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. XPO Logistics presently has a consensus rating of “Buy” and an average price target of $73.50.
Shares of XPO Logistics (NYSE:XPO) traded up $1.69 during trading on Friday, hitting $73.25. 1,632,066 shares of the stock traded hands, compared to its average volume of 1,374,172. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.48. The stock has a market cap of $8,760.70, a P/E ratio of 42.34, a PEG ratio of 1.04 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. sell-side analysts predict that XPO Logistics will post 1.91 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of XPO. Envestnet Asset Management Inc. raised its stake in shares of XPO Logistics by 461.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of XPO Logistics by 1.5% during the 1st quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after buying an additional 150 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of XPO Logistics by 12.9% during the 1st quarter. Teachers Advisors LLC now owns 223,142 shares of the transportation company’s stock worth $10,686,000 after buying an additional 25,480 shares in the last quarter. Legal & General Group Plc raised its stake in shares of XPO Logistics by 10.6% during the 1st quarter. Legal & General Group Plc now owns 39,374 shares of the transportation company’s stock worth $1,882,000 after buying an additional 3,774 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of XPO Logistics by 24,470.3% during the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.
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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