Bank of America Analysts Give XPO Logistics (XPO) a $103.00 Price Target
XPO Logistics (NYSE:XPO) received a $103.00 target price from equities research analysts at Bank of America in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America’s price objective suggests a potential upside of 11.56% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Citigroup reduced their price target on XPO Logistics from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, December 26th. Cowen restated a “buy” rating and set a $69.00 price target on shares of XPO Logistics in a research report on Thursday, September 7th. Deutsche Bank restated a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. Stifel Nicolaus reduced their price target on XPO Logistics from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, CIBC reduced their price target on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday, November 20th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. XPO Logistics has an average rating of “Buy” and a consensus price target of $81.67.
XPO Logistics (NYSE:XPO) opened at $92.33 on Wednesday. The firm has a market capitalization of $11,088.01, a PE ratio of 53.46, a P/E/G ratio of 0.89 and a beta of 2.52. 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 1-year low of $42.07 and a 1-year high of $93.98.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. XPO Logistics’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. research analysts anticipate that XPO Logistics will post 1.92 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC bought a new stake in shares of XPO Logistics in the 2nd quarter worth approximately $1,147,000. K.J. Harrison & Partners Inc bought a new stake in shares of XPO Logistics in the 3rd quarter worth approximately $847,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of XPO Logistics in the 3rd quarter worth approximately $102,000. Advisors Asset Management Inc. grew its position in shares of XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares during the last quarter. Finally, Argent Trust Co bought a new stake in shares of XPO Logistics in the 2nd quarter worth approximately $205,000.
About XPO Logistics
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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