Credit Suisse Group Reaffirms Outperform Rating for XPO Logistics (XPO)

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.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company’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 business earned $0.41 EPS. analysts expect that XPO Logistics will post 1.92 earnings per share for the current fiscal year.

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.

The Fly

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