XPO Logistics (NYSE:XPO) had its price objective raised by Oppenheimer from $104.00 to $119.00 in a research report released on Wednesday morning. The brokerage currently has an outperform rating on the transportation company’s stock.
Several other analysts have also recently issued reports on XPO. Zacks Investment Research cut XPO Logistics from a buy rating to a hold rating in a report on Saturday, April 14th. Barclays reaffirmed an overweight rating and set a $130.00 price objective on shares of XPO Logistics in a report on Tuesday, April 17th. Credit Suisse Group decreased their price target on XPO Logistics from $106.00 to $104.00 and set an outperform rating on the stock in a report on Friday, February 9th. Vetr lowered XPO Logistics from a strong-buy rating to a buy rating and set a $106.35 price target on the stock. in a report on Monday, February 26th. Finally, Bank of America decreased their price target on XPO Logistics from $103.00 to $100.00 and set a buy rating on the stock in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $103.04.
Shares of XPO opened at $104.44 on Wednesday. The company has a market cap of $12,760.89, a PE ratio of 53.56, a PEG ratio of 1.04 and a beta of 2.42. XPO Logistics has a 1 year low of $47.76 and a 1 year high of $109.06. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.20.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. equities analysts forecast that XPO Logistics will post 3.44 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in XPO Logistics by 0.3% in the 4th quarter. BlackRock Inc. now owns 4,593,039 shares of the transportation company’s stock valued at $420,678,000 after acquiring an additional 12,333 shares during the last quarter. Victory Capital Management Inc. grew its position in XPO Logistics by 14.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,534,323 shares of the transportation company’s stock valued at $232,119,000 after acquiring an additional 328,888 shares during the last quarter. OppenheimerFunds Inc. grew its position in XPO Logistics by 2.3% in the 4th quarter. OppenheimerFunds Inc. now owns 1,792,223 shares of the transportation company’s stock valued at $164,150,000 after acquiring an additional 40,477 shares during the last quarter. Wells Fargo & Company MN grew its position in XPO Logistics by 24.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,704,759 shares of the transportation company’s stock valued at $156,140,000 after acquiring an additional 332,452 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in XPO Logistics by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 1,277,432 shares of the transportation company’s stock valued at $117,000,000 after acquiring an additional 4,471 shares during the last quarter.
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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