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.
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.
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