Oppenheimer Holdings, Inc. Reiterates “Buy” Rating for XPO Logistics, Inc. (XPO)

XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating restated by analysts at Oppenheimer Holdings, Inc. in a report released on Monday. They presently have a $77.00 target price on the transportation company’s stock. Oppenheimer Holdings, Inc.’s target price indicates a potential upside of 4.04% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Stifel Nicolaus upped their target price on XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday. Deutsche Bank AG restated a “buy” rating and set a $110.00 target price on shares of XPO Logistics in a research report on Friday. Credit Suisse Group upped their target price on XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday. Cowen and Company upped their target price on XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday. Finally, KeyCorp restated a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Three 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 stock. The company has an average rating of “Buy” and an average price target of $73.81.

XPO Logistics (NYSE:XPO) traded up $0.76 during midday trading on Monday, hitting $74.01. The company’s stock had a trading volume of 490,003 shares, compared to its average volume of 1,399,779. The stock has a market cap of $8,760.70, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 1.06 and a beta of 2.47. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.48.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. XPO Logistics had a return on equity of 7.34% and a net margin of 1.11%. 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 company posted $0.41 EPS. The business’s revenue was up 4.7% on a year-over-year basis. equities analysts expect that XPO Logistics will post 1.91 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of XPO. BlackRock Inc. increased its position in shares of XPO Logistics by 24,470.3% during the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock valued at $288,120,000 after acquiring an additional 5,991,806 shares during the last quarter. American Century Companies Inc. increased its position in XPO Logistics by 94.6% in the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after buying an additional 1,492,525 shares during the last quarter. FMR LLC increased its position in XPO Logistics by 73.3% in the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after buying an additional 1,223,543 shares during the last quarter. Vanguard Group Inc. increased its position in XPO Logistics by 8.5% in the second quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after buying an additional 718,511 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in XPO Logistics by 37.7% in the third quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after buying an additional 603,866 shares during the last quarter. 91.22% of the stock is owned by institutional investors.

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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