XPO Logistics (NYSE:XPO) Given a $68.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $68.00 target price on XPO Logistics (NYSE:XPO) in a report published on Monday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other equities analysts have also commented on XPO. Cowen set a $150.00 price objective on Tesla and gave the stock a sell rating in a research note on Friday, May 3rd. ValuEngine raised XPO Logistics from a strong sell rating to a sell rating in a research note on Thursday, April 4th. Oppenheimer lifted their price objective on XPO Logistics from $65.00 to $73.00 and gave the stock an outperform rating in a research note on Monday, May 6th. Deutsche Bank lifted their price objective on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research lowered Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Saturday, May 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. XPO Logistics has a consensus rating of Buy and an average price target of $82.80.

Shares of XPO stock opened at $55.02 on Monday. The company’s 50-day moving average price is $54.95. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 0.54 and a beta of 2.35. XPO Logistics has a 12 month low of $41.05 and a 12 month high of $116.27.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.10. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.25 billion. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. As a group, analysts forecast that XPO Logistics will post 3.57 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Fishman Jay A Ltd. MI lifted its stake in shares of XPO Logistics by 27.3% during the fourth quarter. Fishman Jay A Ltd. MI now owns 284,191 shares of the transportation company’s stock valued at $16,210,000 after buying an additional 60,950 shares during the period. LPL Financial LLC increased its position in XPO Logistics by 29.5% during the fourth quarter. LPL Financial LLC now owns 17,510 shares of the transportation company’s stock worth $999,000 after purchasing an additional 3,985 shares during the last quarter. Commonwealth Equity Services LLC increased its position in XPO Logistics by 9.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,661 shares of the transportation company’s stock worth $379,000 after purchasing an additional 551 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in XPO Logistics by 13.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 21,500 shares of the transportation company’s stock worth $1,073,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its position in XPO Logistics by 3.6% during the fourth quarter. Standard Life Aberdeen plc now owns 6,681 shares of the transportation company’s stock worth $374,000 after purchasing an additional 231 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

XPO Logistics Company Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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