XPO Logistics (NYSE:XPO)‘s stock had its “outperform” rating reissued by stock analysts at Credit Suisse Group in a report released on Thursday, The Fly reports. They currently have a $106.00 price objective on the transportation company’s stock, up from their previous price objective of $79.00. Credit Suisse Group’s target price would indicate a potential upside of 11.57% from the company’s current price.
XPO has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Deutsche Bank reaffirmed a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. Goldman Sachs Group started coverage on XPO Logistics in a research report on Monday, November 13th. They set a “buy” rating and a $90.00 target price for the company. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Saturday, January 6th. Finally, KeyCorp reaffirmed a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $89.50.
Shares of XPO Logistics (XPO) traded up $0.19 during trading hours on Thursday, reaching $95.01. The company had a trading volume of 1,313,700 shares, compared to its average volume of 1,790,000. The company has a market cap of $11,390.00, a price-to-earnings ratio of 79.18, a P/E/G ratio of 0.87 and a beta of 2.51. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. XPO Logistics has a twelve month low of $42.07 and a twelve month high of $95.35.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates 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 company earned $0.41 EPS. equities analysts anticipate that XPO Logistics will post 1.92 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of XPO. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics in the 3rd quarter worth about $102,000. BNP Paribas Arbitrage SA raised its position in shares of XPO Logistics by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after acquiring an additional 1,129 shares in the last quarter. Oak Point Wealth Management acquired a new stake in shares of XPO Logistics in the 4th quarter valued at about $220,000. Commonwealth Equity Services Inc acquired a new stake in shares of XPO Logistics in the 3rd quarter valued at about $230,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of XPO Logistics in the 3rd quarter valued at about $231,000.
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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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