XPO Logistics (XPO) Given New $104.00 Price Target at Credit Suisse Group

XPO Logistics (NYSE:XPO) had its target price dropped by equities researchers at Credit Suisse Group from $106.00 to $104.00 in a report released on Friday. The brokerage currently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 20.92% from the company’s previous close.

Several other brokerages also recently weighed in on XPO. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. KeyCorp reiterated a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a report on Friday, January 12th. Bank of America set a $103.00 price target on XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Oppenheimer reiterated a “buy” rating and issued a $104.00 price target on shares of XPO Logistics in a report on Tuesday, January 9th. Finally, Citigroup reiterated an “outperform” rating and issued a $104.00 price target (up from $85.00) on shares of XPO Logistics in a report on Tuesday, January 9th. Three equities 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. XPO Logistics presently has a consensus rating of “Buy” and a consensus price target of $93.57.

Shares of XPO Logistics (XPO) opened at $86.01 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics has a fifty-two week low of $44.51 and a fifty-two week high of $98.37. The firm has a market capitalization of $10,430.00, a P/E ratio of 35.69, a PEG ratio of 0.73 and a beta of 2.55.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share 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 period in the prior year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. research analysts anticipate that XPO Logistics will post 3.11 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. bought a new position in XPO Logistics in the third quarter worth approximately $102,000. Benjamin F. Edwards & Company Inc. bought a new position in XPO Logistics in the fourth quarter worth approximately $172,000. Oak Point Wealth Management bought a new position in XPO Logistics in the fourth quarter worth approximately $220,000. Pillar Pacific Capital Management LLC bought a new position in XPO Logistics in the fourth quarter worth approximately $224,000. Finally, Commonwealth Equity Services Inc bought a new position in XPO Logistics in the third quarter worth approximately $230,000.

ILLEGAL ACTIVITY NOTICE: “XPO Logistics (XPO) Given New $104.00 Price Target at Credit Suisse Group” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.com-unik.info/2018/02/11/xpo-logistics-xpo-given-new-104-00-price-target-at-credit-suisse-group.html.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit