XPO Logistics (NYSE:XPO) PT Raised to $106.00

XPO Logistics (NYSE:XPO) had its price target increased by investment analysts at JPMorgan Chase & Co. from $90.00 to $106.00 in a research note issued on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 12.16% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Bank of America cut XPO Logistics from a “buy” rating to a “neutral” rating and increased their price target for the company from $76.00 to $87.00 in a research note on Wednesday, October 30th. Citigroup increased their price objective on XPO Logistics from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Cowen increased their price objective on XPO Logistics from $98.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Morgan Stanley lowered their price objective on XPO Logistics from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, Oppenheimer reiterated a “buy” rating and set a $90.00 price objective on shares of XPO Logistics in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $94.75.

XPO opened at $94.51 on Wednesday. XPO Logistics has a 1-year low of $45.73 and a 1-year high of $96.26. The stock’s fifty day simple moving average is $86.84 and its 200 day simple moving average is $78.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.32. The stock has a market cap of $8.72 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 0.66 and a beta of 2.45.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Monday, February 10th. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO Logistics had a return on equity of 15.90% and a net margin of 2.44%. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts forecast that XPO Logistics will post 4.63 earnings per share for the current year.

In related news, major shareholder Spruce House Partnership Lp sold 150,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $83.82, for a total value of $12,573,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp increased its position in shares of XPO Logistics by 24.9% in the third quarter. Stifel Financial Corp now owns 16,943 shares of the transportation company’s stock worth $1,216,000 after purchasing an additional 3,376 shares during the period. Man Group plc increased its position in shares of XPO Logistics by 415.1% in the third quarter. Man Group plc now owns 52,361 shares of the transportation company’s stock worth $3,748,000 after purchasing an additional 42,196 shares during the period. DNB Asset Management AS increased its position in shares of XPO Logistics by 9.7% in the fourth quarter. DNB Asset Management AS now owns 17,984 shares of the transportation company’s stock worth $1,433,000 after purchasing an additional 1,585 shares during the period. National Pension Service increased its position in shares of XPO Logistics by 5.5% in the third quarter. National Pension Service now owns 179,765 shares of the transportation company’s stock worth $12,866,000 after purchasing an additional 9,387 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of XPO Logistics by 62.2% in the third quarter. Squarepoint Ops LLC now owns 34,514 shares of the transportation company’s stock worth $2,470,000 after purchasing an additional 13,234 shares during the period.

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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