XPO Logistics (XPO) Rating Reiterated by Oppenheimer

Oppenheimer reiterated their buy rating on shares of XPO Logistics (NYSE:XPO) in a report issued on Tuesday. The firm currently has a $104.00 price target on the transportation company’s stock. Oppenheimer also issued estimates for XPO Logistics’ Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.92 EPS and FY2019 earnings at $3.66 EPS.

A number of other research firms have also weighed in on XPO. Deutsche Bank reaffirmed a buy rating on shares of XPO Logistics in a report on Thursday, December 28th. Barclays upped their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the stock an overweight rating in a report on Monday, October 2nd. Bank of America set a $103.00 target price on shares of XPO Logistics and gave the stock a buy rating in a report on Wednesday, January 3rd. Cowen upped their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the stock a strong-buy rating in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of XPO Logistics from $74.00 to $84.00 and gave the stock an overweight rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $89.50.

Shares of XPO Logistics (XPO) traded up $2.88 during mid-day trading on Tuesday, hitting $94.82. 1,190,500 shares of the company were exchanged, compared to its average volume of 1,255,900. The stock has a market cap of $11,340.00, a PE ratio of 79.02, a P/E/G ratio of 0.84 and a beta of 2.51. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics has a 12 month low of $42.07 and a 12 month high of $95.07.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. XPO Logistics’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. sell-side analysts anticipate that XPO Logistics will post 1.92 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics in the 3rd quarter worth $102,000. BNP Paribas Arbitrage SA increased its holdings in shares of XPO Logistics by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after buying an additional 1,129 shares during the last quarter. Oak Point Wealth Management bought a new position in shares of XPO Logistics in the 4th quarter worth $220,000. Commonwealth Equity Services Inc bought a new position in shares of XPO Logistics in the 3rd quarter worth $230,000. Finally, Eqis Capital Management Inc. bought a new position in shares of XPO Logistics in the 3rd quarter worth $231,000.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2018/01/12/xpo-logistics-xpo-rating-reiterated-by-oppenheimer.html.

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

Latest News

Leave a Reply