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.
ILLEGAL ACTIVITY WARNING: “XPO Logistics (XPO) Given Buy Rating at KeyCorp” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.thelincolnianonline.com/2018/01/16/xpo-logistics-xpo-given-buy-rating-at-keycorp.html.
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.
Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.