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.
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.
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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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