XPO Logistics, Inc. (XPO) Given New $79.00 Price Target at Credit Suisse Group
XPO Logistics, Inc. (NYSE:XPO) had its price target boosted by Credit Suisse Group from $76.00 to $79.00 in a research note published on Friday. The firm currently has an outperform rating on the transportation company’s stock.
A number of other brokerages have also recently commented on XPO. Barclays PLC increased their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an overweight rating in a research report on Monday, October 2nd. Stifel Nicolaus set a $77.00 target price on shares of XPO Logistics and gave the company a buy rating in a research report on Wednesday, August 23rd. Morgan Stanley increased their target price on shares of XPO Logistics from $60.00 to $75.00 and gave the company an overweight rating in a research report on Monday, July 17th. Oppenheimer Holdings, Inc. reiterated a buy rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, William Blair reiterated an outperform rating on shares of XPO Logistics in a research report on Monday, August 7th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $73.50.
XPO Logistics (XPO) traded up $3.55 during trading hours on Friday, reaching $73.25. 1,632,066 shares of the company’s stock were exchanged, compared to its average volume of 1,374,172. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $8,558.58, a price-to-earnings ratio of 41.36, a PEG ratio of 1.02 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.34%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. sell-side analysts forecast that XPO Logistics will post 1.92 EPS for the current year.
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A number of institutional investors have recently modified their holdings of XPO. Envestnet Asset Management Inc. lifted its stake in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after acquiring an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after acquiring an additional 466 shares during the last quarter. Argent Trust Co purchased a new position in XPO Logistics in the second quarter worth approximately $205,000. Boston Advisors LLC purchased a new position in XPO Logistics in the second quarter worth approximately $212,000. Finally, HighTower Advisors LLC purchased a new position in XPO Logistics in the first quarter worth approximately $214,000. Institutional investors own 90.14% of the company’s stock.
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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