XPO Logistics’ (XPO) “Buy” Rating Reaffirmed at Deutsche Bank

Deutsche Bank restated their buy rating on shares of XPO Logistics (NYSE:XPO) in a research note issued to investors on Friday morning.

XPO has been the topic of several other reports. J P Morgan Chase & Co increased their target price on shares of XPO Logistics from $74.00 to $84.00 and gave the stock an overweight rating in a research note on Thursday, October 12th. Goldman Sachs Group initiated coverage on shares of XPO Logistics in a research report on Monday, November 13th. They set a buy rating and a $90.00 price objective on the stock. KeyCorp restated a buy rating and set a $75.00 price objective on shares of XPO Logistics in a research report on Thursday, October 12th. Cowen raised their price objective on shares of XPO Logistics from $69.00 to $85.00 and gave the company a strong-buy rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus raised their price objective on shares of XPO Logistics from $77.00 to $80.00 and gave the company a buy rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $78.69.

XPO Logistics (XPO) traded up $11.32 during midday trading on Friday, reaching $90.01. 10,682,253 shares of the company’s stock traded hands, compared to its average volume of 1,324,633. XPO Logistics has a fifty-two week low of $42.07 and a fifty-two week high of $90.25. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The stock has a market cap of $9,433.62, a PE ratio of 75.01, a PEG ratio of 1.13 and a beta of 2.52.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) 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 7.01%. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts forecast that XPO Logistics will post 1.92 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Suffolk Capital Management LLC bought a new position in shares of XPO Logistics during the 3rd quarter valued at $15,747,000. Sit Investment Associates Inc. grew its holdings in shares of XPO Logistics by 120.3% during the 3rd quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock valued at $1,683,000 after purchasing an additional 13,560 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of XPO Logistics by 719.7% during the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after purchasing an additional 1,385,098 shares during the last quarter. DSAM Partners London Ltd bought a new position in shares of XPO Logistics during the 2nd quarter valued at $15,913,000. Finally, Cipher Capital LP grew its holdings in shares of XPO Logistics by 10.1% during the 2nd quarter. Cipher Capital LP now owns 31,180 shares of the transportation company’s stock valued at $2,015,000 after purchasing an additional 2,858 shares during the last quarter.

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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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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