Credit Suisse Group restated their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research note issued to investors on Thursday morning, The Fly reports. The brokerage currently has a $106.00 target price on the transportation company’s stock, up from their prior target price of $79.00.
XPO has been the subject of a number of other reports. 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 research note on Thursday, October 12th. Deutsche Bank reaffirmed a buy rating on shares of XPO Logistics in a research note on Friday, December 22nd. Goldman Sachs Group started coverage on shares of XPO Logistics in a research note on Monday, November 13th. They issued a buy rating and a $90.00 target price for the company. Zacks Investment Research raised shares of XPO Logistics from a hold rating to a buy rating and set a $103.00 target price for the company in a research note on Saturday, January 6th. Finally, KeyCorp reaffirmed a buy rating and issued a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $89.50.
Shares of XPO Logistics (NYSE:XPO) traded up $0.19 during midday trading on Thursday, reaching $95.01. 1,310,000 shares of the company were exchanged, compared to its average volume of 1,790,000. The firm has a market cap of $11,390.00, a price-to-earnings ratio of 79.18, a PEG ratio of 0.87 and a beta of 2.51. 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 has a 12-month low of $42.07 and a 12-month high of $95.35.
Several institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its stake in shares of XPO Logistics by 2.7% during the 4th quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock worth $2,336,000 after buying an additional 676 shares during the last quarter. Oak Point Wealth Management acquired a new position in shares of XPO Logistics during the 4th quarter worth about $220,000. Parametric Portfolio Associates LLC boosted its stake in shares of XPO Logistics by 14.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 268,201 shares of the transportation company’s stock worth $18,179,000 after buying an additional 34,875 shares during the last quarter. AXA boosted its stake in shares of XPO Logistics by 47.1% during the 3rd quarter. AXA now owns 200,800 shares of the transportation company’s stock worth $13,610,000 after buying an additional 64,300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of XPO Logistics by 3.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,291 shares of the transportation company’s stock valued at $3,477,000 after purchasing an additional 1,556 shares during the period.
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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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