Brokerages Set XPO Logistics Inc (XPO) PT at $87.38

Shares of XPO Logistics Inc (NYSE:XPO) have been given an average rating of “Buy” by the twenty-one brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $93.04.

Several research analysts have recently commented on the company. Cowen reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $85.00) on shares of XPO Logistics in a research note on Friday. Deutsche Bank set a $133.00 price objective on XPO Logistics and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group decreased their price objective on XPO Logistics from $106.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday. Bank of America decreased their price objective on XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Vetr raised XPO Logistics from a “buy” rating to a “strong-buy” rating and set a $98.77 price objective on the stock in a research note on Thursday.

Several large investors have recently added to or reduced their stakes in XPO. Principal Financial Group Inc. grew its position in shares of XPO Logistics by 60.2% during the second quarter. Principal Financial Group Inc. now owns 18,908 shares of the transportation company’s stock worth $1,222,000 after purchasing an additional 7,103 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of XPO Logistics by 26.9% during the second quarter. UBS Asset Management Americas Inc. now owns 72,987 shares of the transportation company’s stock worth $4,717,000 after purchasing an additional 15,493 shares in the last quarter. Stifel Financial Corp grew its position in shares of XPO Logistics by 55.1% during the second quarter. Stifel Financial Corp now owns 44,250 shares of the transportation company’s stock worth $2,843,000 after purchasing an additional 15,720 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in shares of XPO Logistics by 814.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 170,097 shares of the transportation company’s stock worth $10,992,000 after purchasing an additional 151,503 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of XPO Logistics during the second quarter worth about $271,000.

XPO Logistics (NYSE:XPO) traded up $0.93 during midday trading on Tuesday, hitting $85.97. The stock had a trading volume of 2,783,009 shares, compared to its average volume of 1,437,657. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. XPO Logistics has a 1 year low of $44.51 and a 1 year high of $98.37. The company has a market capitalization of $10,310.00, a P/E ratio of 35.46, a P/E/G ratio of 0.78 and a beta of 2.55.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. XPO Logistics had a return on equity of 7.66% and a net margin of 2.11%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. analysts forecast that XPO Logistics will post 3.1 EPS for the current fiscal year.

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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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