Credit Suisse Group reaffirmed their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research report released on Thursday. They currently have a $106.00 target price on the transportation company’s stock, up from their previous target price of $79.00.
Other analysts have also recently issued research reports about the stock. Deutsche Bank reiterated a buy rating on shares of XPO Logistics in a research report on Thursday, December 28th. Barclays upped their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an overweight rating in a research report on Monday, October 2nd. Bank of America set a $103.00 target price on shares of XPO Logistics and gave the company a buy rating in a research report on Wednesday, January 3rd. Oppenheimer reiterated a buy rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, Cowen upped their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the company a strong-buy rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $89.50.
XPO Logistics (NYSE:XPO) traded up $0.19 during mid-day trading on Thursday, reaching $95.01. 1,310,000 shares of the company traded hands, compared to its average volume of 1,790,000. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics has a 1 year low of $42.07 and a 1 year high of $95.35. The company has a market cap of $11,390.00, a PE ratio of 79.18, a PEG ratio of 0.87 and a beta of 2.51.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the company posted $0.41 EPS. XPO Logistics’s revenue was up 4.7% on a year-over-year basis. equities research analysts anticipate that XPO Logistics will post 1.92 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of XPO Logistics in the 3rd quarter valued at $102,000. BNP Paribas Arbitrage SA increased its position in shares of XPO Logistics by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after buying an additional 1,129 shares in the last quarter. Oak Point Wealth Management bought a new stake in shares of XPO Logistics in the 4th quarter valued at $220,000. Commonwealth Equity Services Inc bought a new stake in shares of XPO Logistics in the 3rd quarter valued at $230,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of XPO Logistics in the 3rd quarter valued at $231,000.
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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