XPO Logistics (XPO) Given a $95.00 Price Target by Stephens Analysts
XPO Logistics (NYSE:XPO) has been assigned a $95.00 target price by Stephens in a report released on Friday. The brokerage presently has a “hold” rating on the transportation company’s stock. Stephens’ target price would suggest a potential upside of 8.98% from the stock’s current price.
Several other analysts have also weighed in on the company. Deutsche Bank set a $133.00 price objective on XPO Logistics and gave the stock a “buy” rating in a report on Friday. Cowen reissued an “outperform” rating and set a $100.00 price objective (up previously from $85.00) on shares of XPO Logistics in a report on Friday. Vetr raised XPO Logistics from a “buy” rating to a “strong-buy” rating and set a $98.77 price objective on the stock in a report on Thursday. Bank of America decreased their price objective on XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Zacks Investment Research lowered XPO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Three 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 company. The company presently has a consensus rating of “Buy” and an average price target of $93.67.
Shares of XPO Logistics (XPO) traded up $2.13 during trading hours on Friday, hitting $87.17. The stock had a trading volume of 216,239 shares, compared to its average volume of 1,390,969. XPO Logistics has a one year low of $44.51 and a one year high of $98.37. The firm has a market cap of $10,790.70, a price-to-earnings ratio of 36.34, a PEG ratio of 0.78 and a beta of 2.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23.
Hedge funds have recently made changes to their positions in the stock. Suffolk Capital Management LLC acquired a new stake in XPO Logistics in the 3rd quarter valued at $15,747,000. Point72 Asset Management L.P. boosted its stake in XPO Logistics by 51.3% in the third quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock worth $15,524,000 after purchasing an additional 77,649 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in XPO Logistics by 7.7% in the third quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock worth $24,867,000 after purchasing an additional 26,095 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in XPO Logistics by 120.3% in the third 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 in the last quarter. Finally, AXA boosted its stake in XPO Logistics by 47.1% in the third quarter. AXA now owns 200,800 shares of the transportation company’s stock worth $13,610,000 after purchasing an additional 64,300 shares in the last quarter.
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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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