XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a research report issued on Tuesday, July 11th, MarketBeat Ratings reports. They currently have a $78.00 target price on the transportation company’s stock, up from their previous target price of $65.00. Stifel Nicolaus’ target price indicates a potential upside of 35.23% from the stock’s current price.
Several other analysts also recently weighed in on the company. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Friday, July 7th. KeyCorp boosted their target price on XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Bank of America Corporation assumed coverage on XPO Logistics in a report on Wednesday, June 28th. They issued a “buy” rating and a $72.00 target price for the company. BidaskClub raised XPO Logistics from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a report on Monday, June 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $66.73.
Shares of XPO Logistics (XPO) traded down 0.60% during midday trading on Tuesday, hitting $57.68. The company’s stock had a trading volume of 1,443,686 shares. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 66.38 and a beta of 2.31. The firm has a 50-day moving average of $61.73 and a 200 day moving average of $52.95. XPO Logistics has a 12-month low of $31.68 and a 12-month high of $65.44.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a return on equity of 6.59% and a net margin of 0.80%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that XPO Logistics will post $1.91 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of XPO. Envestnet Asset Management Inc. raised its position in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares in the last quarter. Bank of Montreal Can raised its position in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock valued at $165,000 after buying an additional 286 shares during the period. Finally, FTB Advisors Inc. purchased a new position in shares of XPO Logistics during the first quarter valued at $196,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
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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