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.
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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