Goldman Sachs Group, Inc. (The) started coverage on shares of XPO Logistics, Inc. (NYSE:XPO) in a research report released on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $90.00 target price on the transportation company’s stock.
XPO has been the topic of a number of other reports. Stifel Nicolaus boosted 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. BidaskClub lowered shares of XPO Logistics from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Credit Suisse Group boosted their price target on shares of XPO Logistics from $68.00 to $76.00 and gave the stock an outperform rating in a research note on Friday, September 29th. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $77.00 price target (up from $75.00) on shares of XPO Logistics in a research note on Monday, November 6th. Finally, Wells Fargo & Company boosted their price target on shares of XPO Logistics to $82.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $75.17.
Shares of XPO Logistics (XPO) traded down $1.35 on Monday, reaching $71.87. 2,163,500 shares of the company traded hands, compared to its average volume of 1,521,509. The stock has a market cap of $8,776.95, a price-to-earnings ratio of 42.32, a P/E/G ratio of 1.05 and a beta of 2.47. XPO Logistics has a 12-month low of $41.55 and a 12-month high of $74.87. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23.
TRADEMARK VIOLATION NOTICE: This article was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/11/16/xpo-logistics-inc-xpo-research-coverage-started-at-goldman-sachs-group-inc-the.html.
Several hedge funds have recently bought and sold shares of XPO. Prudential Financial Inc. boosted its holdings 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 acquiring an additional 150 shares during the period. Teachers Advisors LLC boosted its holdings in shares of XPO Logistics by 12.9% in the first quarter. Teachers Advisors LLC now owns 223,142 shares of the transportation company’s stock valued at $10,686,000 after acquiring an additional 25,480 shares during the period. Legal & General Group Plc boosted its holdings in shares of XPO Logistics by 10.6% in the first quarter. Legal & General Group Plc now owns 39,374 shares of the transportation company’s stock valued at $1,882,000 after acquiring an additional 3,774 shares during the period. AQR Capital Management LLC raised its stake in shares of XPO Logistics by 12.8% during the first quarter. AQR Capital Management LLC now owns 44,183 shares of the transportation company’s stock worth $2,116,000 after purchasing an additional 5,005 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of XPO Logistics during the first quarter worth approximately $214,000. 91.57% of the stock is owned by institutional investors and hedge funds.
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.
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.