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.
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.
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