XPO Logistics (NYSE:XPO) posted its earnings results on Wednesday. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02, Briefing.com reports. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. XPO Logistics’s quarterly revenue was up 14.1% on a year-over-year basis.
Shares of XPO Logistics (NYSE XPO) opened at $85.04 on Friday. XPO Logistics has a one year low of $44.51 and a one year high of $98.37. The company has a market cap of $10,190.00, a P/E ratio of 70.87, a P/E/G ratio of 0.78 and a beta of 2.55. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.
Several research analysts have commented on XPO shares. JPMorgan Chase & Co. upped their target price on shares of XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Oppenheimer restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Cowen increased their price objective on shares of XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group increased their price objective on shares of XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $91.49.
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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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