XPO Logistics, Inc. (XPO) Coverage Initiated by Analysts at The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. began coverage on shares of XPO Logistics, Inc. (NYSE:XPO) in a research report sent to investors on Monday, Marketbeat reports. The brokerage issued a buy rating and a $90.00 target price on the transportation company’s stock.
A number of other equities research analysts also recently weighed in on the company. J P Morgan Chase & Co raised their price target on XPO Logistics from $74.00 to $84.00 and gave the stock an overweight rating in a research note on Thursday, October 12th. BidaskClub downgraded XPO Logistics from a buy rating to a hold rating in a research note on Monday, July 31st. KeyCorp reaffirmed a buy rating and issued a $75.00 price target on shares of XPO Logistics in a research report on Thursday, October 12th. Morgan Stanley lifted their price objective on XPO Logistics from $60.00 to $75.00 and gave the stock an overweight rating in a report on Monday, July 17th. Finally, Cowen and Company boosted their price target on XPO Logistics from $69.00 to $85.00 and gave the company a strong-buy rating in a research note on Friday, November 3rd. Three 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 $75.17.
XPO Logistics (NYSE:XPO) opened at $74.19 on Monday. The company has a market capitalization of $8,616.32, a price-to-earnings ratio of 41.55, a PEG ratio of 1.04 and a beta of 2.47. 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 fifty-two week low of $41.89 and a fifty-two week high of $74.87.
XPO Logistics (NYSE:XPO) last announced its 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. 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 during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. sell-side analysts predict that XPO Logistics will post 1.92 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. raised its position in XPO Logistics by 120.3% during the 3rd quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock worth $1,683,000 after purchasing an additional 13,560 shares during the last quarter. American Century Companies Inc. raised its position in shares of XPO Logistics by 719.7% in the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after acquiring an additional 1,385,098 shares in the last quarter. DSAM Partners London Ltd bought a new position in shares of XPO Logistics in the 2nd quarter worth about $15,913,000. Cipher Capital LP raised its position in shares of XPO Logistics by 10.1% in the 2nd quarter. Cipher Capital LP now owns 31,180 shares of the transportation company’s stock worth $2,015,000 after acquiring an additional 2,858 shares in the last quarter. Finally, Elk Creek Partners LLC raised its position in shares of XPO Logistics by 3.0% in the 2nd quarter. Elk Creek Partners LLC now owns 107,579 shares of the transportation company’s stock worth $6,953,000 after acquiring an additional 3,156 shares in the last quarter. 91.57% of the stock is owned by institutional investors and hedge funds.
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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