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.

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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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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