XPO Logistics (XPO) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of XPO Logistics (NYSE:XPO) from a hold rating to a buy rating in a report issued on Saturday morning. Zacks Investment Research currently has $103.00 target price on the transportation company’s stock.
According to Zacks, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan. “
XPO has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price target on XPO Logistics from $74.00 to $84.00 and gave the company an overweight rating in a research note on Thursday, October 12th. Deutsche Bank reissued a buy rating on shares of XPO Logistics in a research note on Friday, December 22nd. Goldman Sachs Group started coverage on XPO Logistics in a research note on Monday, November 13th. They issued a buy rating and a $90.00 price target on the stock. KeyCorp reissued a buy rating and issued a $75.00 price target on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, Cowen lifted 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. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. XPO Logistics currently has an average rating of Buy and a consensus price target of $86.06.
Shares of XPO Logistics (NYSE:XPO) opened at $92.61 on Friday. XPO Logistics has a 12 month low of $42.07 and a 12 month high of $93.98. The stock has a market capitalization of $11,100.00, a PE ratio of 77.18, a price-to-earnings-growth ratio of 0.84 and a beta of 2.51. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) 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 firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. equities research analysts forecast that XPO Logistics will post 1.92 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. bought a new position in XPO Logistics during the third quarter worth about $102,000. Advisors Asset Management Inc. grew its holdings in XPO Logistics by 18.4% during the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after purchasing an additional 466 shares during the period. BNP Paribas Arbitrage SA grew its holdings in XPO Logistics by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after purchasing an additional 1,129 shares during the period. Oak Point Wealth Management bought a new position in XPO Logistics during the fourth quarter worth about $220,000. Finally, Commonwealth Equity Services Inc bought a new position in XPO Logistics during the third quarter worth about $230,000.
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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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