XPO Logistics (XPO) PT Lowered to $112.00

XPO Logistics (NYSE:XPO) had its price objective reduced by Cowen from $121.00 to $112.00 in a research report report published on Friday morning, Marketbeat reports. They currently have an outperform rating on the transportation company’s stock.

XPO has been the topic of several other research reports. Bank of America raised shares of XPO Logistics from a neutral rating to a buy rating and set a $105.00 price target on the stock in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Jefferies Financial Group set a $145.00 price target on shares of XPO Logistics and gave the stock a buy rating in a research note on Thursday. R. F. Lafferty started coverage on shares of XPO Logistics in a research note on Tuesday, July 10th. They set a buy rating and a $125.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of XPO Logistics from $118.00 to $126.00 and gave the stock a hold rating in a research note on Tuesday, September 11th. Finally, Deutsche Bank reaffirmed a buy rating and set a $142.00 price target (up previously from $133.00) on shares of XPO Logistics in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. XPO Logistics presently has a consensus rating of Buy and an average price target of $112.29.

NYSE:XPO opened at $88.02 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.07. The firm has a market cap of $11.17 billion, a P/E ratio of 45.14, a price-to-earnings-growth ratio of 0.66 and a beta of 2.56. XPO Logistics has a twelve month low of $70.32 and a twelve month high of $116.27.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 31st. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.09). XPO Logistics had a return on equity of 10.01% and a net margin of 3.04%. The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. Sell-side analysts forecast that XPO Logistics will post 3.43 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. TRUE Private Wealth Advisors bought a new stake in shares of XPO Logistics during the 3rd quarter valued at about $111,000. Stratos Wealth Partners LTD. bought a new stake in shares of XPO Logistics during the 3rd quarter valued at about $118,000. Signet Financial Management LLC bought a new stake in shares of XPO Logistics during the 2nd quarter valued at about $127,000. NEXT Financial Group Inc bought a new stake in shares of XPO Logistics during the 3rd quarter valued at about $129,000. Finally, Cerebellum GP LLC bought a new stake in shares of XPO Logistics during the 3rd quarter valued at about $190,000. 92.32% of the stock is owned by institutional investors.

XPO Logistics Company Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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