XPO Logistics (XPO) Given Buy Rating at KeyCorp

KeyCorp reaffirmed their buy rating on shares of XPO Logistics (NYSE:XPO) in a research note released on Friday morning. The brokerage currently has a $110.00 price objective on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank reaffirmed a buy rating on shares of XPO Logistics in a research report on Friday, December 22nd. CIBC dropped their price objective on XPO Logistics from $77.00 to $75.00 and set an outperform rating on the stock in a research report on Monday, November 20th. Macquarie raised their price objective on XPO Logistics from $80.00 to $105.00 and gave the company an outperform rating in a research report on Wednesday, December 27th. Zacks Investment Research raised XPO Logistics from a hold rating to a buy rating and set a $103.00 price objective on the stock in a research report on Saturday, January 6th. Finally, Stifel Nicolaus raised their price objective on XPO Logistics from $77.00 to $80.00 and gave the company a buy rating in a research report on Monday, November 6th. Two research 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 stock. The company presently has a consensus rating of Buy and an average target price of $89.50.

XPO Logistics (NYSE:XPO) opened at $95.01 on Friday. XPO Logistics has a 12-month low of $42.07 and a 12-month high of $95.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $11,390.00, a price-to-earnings ratio of 79.18, a PEG ratio of 0.85 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. research analysts forecast that XPO Logistics will post 1.93 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC acquired a new stake in XPO Logistics in the second quarter worth about $1,147,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in XPO Logistics by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after acquiring an additional 373 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings in XPO Logistics by 2.7% in the fourth quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock worth $2,336,000 after acquiring an additional 676 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in XPO Logistics by 49.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Middleton & Co Inc MA boosted its holdings in XPO Logistics by 12.7% in the third quarter. Middleton & Co Inc MA now owns 10,305 shares of the transportation company’s stock worth $698,000 after acquiring an additional 1,160 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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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