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.
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.
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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.
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