Zacks Investment Research upgraded shares of XPO Logistics (NYSE:XPO) from a hold rating to a buy rating in a research note published on Thursday morning. The firm currently has $103.00 target price on the transportation company’s stock.
According to Zacks, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan. “
XPO has been the topic of several other research reports. Deutsche Bank reiterated a buy rating on shares of XPO Logistics in a research note on Friday, December 22nd. Goldman Sachs Group began coverage on shares of XPO Logistics in a research note on Monday, November 13th. They set a buy rating and a $90.00 price target on the stock. Credit Suisse Group restated an outperform rating and set a $106.00 price target (up previously from $79.00) on shares of XPO Logistics in a research note on Thursday, January 11th. Cowen increased their price target on shares of XPO Logistics from $69.00 to $85.00 and gave the stock a strong-buy rating in a research note on Friday, November 3rd. Finally, Stifel Nicolaus increased their price target on shares of XPO Logistics from $77.00 to $80.00 and gave the stock a buy rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. XPO Logistics presently has a consensus rating of Buy and an average target price of $96.20.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.90 billion. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. equities research analysts expect that XPO Logistics will post 3.39 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of XPO Logistics by 0.3% during the 4th quarter. BlackRock Inc. now owns 4,593,039 shares of the transportation company’s stock worth $420,678,000 after buying an additional 12,333 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of XPO Logistics by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,115,541 shares of the transportation company’s stock worth $211,152,000 after buying an additional 164,588 shares during the period. American Century Companies Inc. boosted its holdings in shares of XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after buying an additional 1,492,525 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of XPO Logistics by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,534,323 shares of the transportation company’s stock worth $232,119,000 after buying an additional 328,888 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in shares of XPO Logistics by 2.3% during the 4th quarter. OppenheimerFunds Inc. now owns 1,792,223 shares of the transportation company’s stock worth $164,150,000 after buying an additional 40,477 shares during the period.
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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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