XPO Logistics (NYSE:XPO) had its price target reduced by CIBC from $77.00 to $75.00 in a research note released on Monday, November 20th. CIBC currently has an outperform rating on the transportation company’s stock.
Other equities analysts have also issued reports about the stock. J P Morgan Chase & Co upped their price target on shares of XPO Logistics from $74.00 to $84.00 and gave the stock an overweight rating in a research report on Thursday, October 12th. Goldman Sachs Group initiated coverage on shares of XPO Logistics in a research report on Monday, November 13th. They set a buy rating and a $90.00 price objective on the stock. BidaskClub cut shares of XPO Logistics from a buy rating to a hold rating in a report on Monday, July 31st. KeyCorp restated a buy rating and issued a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Finally, Cowen increased their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the stock a strong-buy rating in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $77.59.
Shares of XPO Logistics (NYSE XPO) traded up $0.68 during trading on Monday, reaching $76.71. 1,260,898 shares of the company’s stock traded hands, compared to its average volume of 1,502,388. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $9,156.69, a PE ratio of 44.15, a PEG ratio of 1.10 and a beta of 2.52. XPO Logistics has a twelve month low of $42.07 and a twelve month high of $80.10.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. research analysts forecast that XPO Logistics will post 1.92 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in XPO Logistics by 94.6% in the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock valued at $208,090,000 after purchasing an additional 1,492,525 shares in the last quarter. FMR LLC raised its stake in shares of XPO Logistics by 73.3% during the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after purchasing an additional 1,223,543 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of XPO Logistics by 8.5% during the second quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after purchasing an additional 718,511 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of XPO Logistics by 37.7% during the third quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after purchasing an additional 603,866 shares during the last quarter. Finally, Castleark Management LLC purchased a new stake in shares of XPO Logistics during the second quarter worth approximately $30,551,000.
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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.
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