XPO Logistics, Inc. (XPO) Research Coverage Started at Goldman Sachs Group, Inc. (The)

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.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.83% and a return on equity of 7.55%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. research analysts anticipate that XPO Logistics will post 1.92 earnings per share for the current year.

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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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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