XPO Logistics (NYSE:XPO) had its target price raised by Morgan Stanley from $85.00 to $125.00 in a report published on Monday morning. Morgan Stanley currently has an overweight rating on the transportation company’s stock.
XPO has been the subject of a number of other reports. Deutsche Bank reiterated a buy rating on shares of XPO Logistics in a report on Friday, December 22nd. Credit Suisse Group cut their price objective on shares of XPO Logistics from $106.00 to $104.00 and set an outperform rating on the stock in a research report on Friday, February 9th. CIBC cut their price objective on shares of XPO Logistics from $77.00 to $75.00 and set an outperform rating on the stock in a research report on Monday, November 20th. Macquarie increased their price objective on shares of XPO Logistics from $80.00 to $105.00 and gave the stock an outperform rating in a research report on Wednesday, December 27th. Finally, Stephens set a $95.00 price objective on shares of XPO Logistics and gave the stock a hold rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $96.20.
Shares of XPO Logistics (XPO) opened at $93.47 on Monday. 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 $44.51 and a 1-year high of $98.37. The firm has a market capitalization of $11,210.00, a PE ratio of 38.78, a price-to-earnings-growth ratio of 0.96 and a beta of 2.55.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. K.J. Harrison & Partners Inc bought a new position in XPO Logistics in the 3rd quarter valued at about $847,000. Fuller & Thaler Asset Management Inc. bought a new position in XPO Logistics in the 3rd quarter valued at about $102,000. Benjamin F. Edwards & Company Inc. bought a new position in XPO Logistics in the 4th quarter valued at about $172,000. Oak Point Wealth Management bought a new position in XPO Logistics in the 4th quarter valued at about $220,000. Finally, Pillar Pacific Capital Management LLC bought a new position in XPO Logistics in the 4th quarter valued at about $224,000.
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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