XPO Logistics, Inc. (XPO) Receives “Buy” Rating from Oppenheimer Holdings, Inc.

XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a note issued to investors on Thursday. They currently have a $75.00 price target on the transportation company’s stock. Oppenheimer Holdings, Inc.’s price target suggests a potential upside of 9.86% from the stock’s previous close.

XPO has been the subject of a number of other reports. J P Morgan Chase & Co raised their price target on XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays PLC raised their price target on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Credit Suisse Group raised their price target on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. Cowen and Company restated a “buy” rating and issued a $69.00 price target on shares of XPO Logistics in a research note on Thursday, September 7th. Finally, Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $69.81.

Shares of XPO Logistics (NYSE XPO) traded down 0.300% during midday trading on Thursday, hitting $68.065. The stock had a trading volume of 738,146 shares. XPO Logistics has a one year low of $31.68 and a one year high of $68.96. The company has a market capitalization of $8.02 billion, a PE ratio of 77.967 and a beta of 2.37. The firm’s 50-day moving average is $62.96 and its 200 day moving average is $57.55.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. XPO Logistics’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. Equities analysts expect that XPO Logistics will post $1.92 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/10/12/xpo-logistics-inc-xpo-receives-buy-rating-from-oppenheimer-holdings-inc.html.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new stake in shares of XPO Logistics in the second quarter valued at approximately $1,147,000. Teacher Retirement System of Texas lifted its position in shares of XPO Logistics by 1.4% in the first quarter. Teacher Retirement System of Texas now owns 8,751 shares of the transportation company’s stock valued at $419,000 after buying an additional 118 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of XPO Logistics by 1.5% in the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock valued at $496,000 after buying an additional 150 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of XPO Logistics by 1.6% in the second quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock valued at $704,000 after buying an additional 179 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of XPO Logistics by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after buying an additional 373 shares during the last quarter. 89.54% of the stock is owned by institutional investors.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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

Latest News

Leave a Reply