XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report issued on Friday, December 22nd.
Several other equities research analysts also recently commented on XPO. Credit Suisse Group upped their price objective on shares of XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, September 29th. Stifel Nicolaus upped their price objective on shares of XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 6th. Barclays upped their price objective on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Oppenheimer reaffirmed a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. Finally, KeyCorp reaffirmed a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.50.
XPO Logistics (NYSE:XPO) opened at $95.01 on Friday. The firm has a market cap of $11,390.00, a PE ratio of 79.18, a P/E/G ratio of 0.87 and a beta of 2.51. The company has a current ratio of 1.23, a quick 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.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company 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 firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. equities analysts forecast that XPO Logistics will post 1.92 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Suffolk Capital Management LLC purchased a new stake in shares of XPO Logistics in the third quarter worth about $15,747,000. Point72 Asset Management L.P. lifted its holdings in shares of XPO Logistics by 51.3% in the third quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock worth $15,524,000 after buying an additional 77,649 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of XPO Logistics by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock worth $24,867,000 after buying an additional 26,095 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of XPO Logistics by 120.3% in the third quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock worth $1,683,000 after buying an additional 13,560 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in XPO Logistics by 719.7% in the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after purchasing an additional 1,385,098 shares in the last quarter.
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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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