XPO Logistics (XPO) Stock Rating Reaffirmed by KeyCorp

XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by equities research analysts at KeyCorp in a research note issued on Friday. They presently have a $110.00 price target on the transportation company’s stock. KeyCorp’s price target indicates a potential upside of 16.01% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Citigroup cut their price objective on shares of XPO Logistics from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, December 26th. Stifel Nicolaus cut their price objective on shares of XPO Logistics from $120.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, January 2nd. Bank of America set a $103.00 price objective on shares of XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a report on Friday, December 22nd. Finally, Macquarie raised their price objective on shares of XPO Logistics from $80.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, December 27th. One equities research 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $89.50.

Shares of XPO Logistics (XPO) opened at $94.82 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics has a 1-year low of $42.07 and a 1-year high of $95.07. The firm has a market cap of $11,370.00, a P/E ratio of 79.02, a price-to-earnings-growth ratio of 0.84 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts expect that XPO Logistics will post 1.92 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Suffolk Capital Management LLC purchased a new position in shares of XPO Logistics during the third quarter worth approximately $15,747,000. Point72 Asset Management L.P. grew its position in shares of XPO Logistics by 51.3% during the third quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock worth $15,524,000 after acquiring an additional 77,649 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of XPO Logistics by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock worth $24,867,000 after acquiring an additional 26,095 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of XPO Logistics by 120.3% during the third quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock worth $1,683,000 after acquiring an additional 13,560 shares during the last quarter. Finally, AXA grew its position in shares of XPO Logistics by 47.1% during the third quarter. AXA now owns 200,800 shares of the transportation company’s stock worth $13,610,000 after acquiring an additional 64,300 shares during the last quarter.

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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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