Oppenheimer Increases XPO Logistics (XPO) Price Target to $65.00

XPO Logistics (NYSE:XPO) had its price target upped by equities research analysts at Oppenheimer from $62.00 to $65.00 in a research note issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s target price would indicate a potential upside of 9.19% from the stock’s current price. Oppenheimer also issued estimates for XPO Logistics’ Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.89 EPS, Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $0.85 EPS, FY2019 earnings at $3.06 EPS and FY2020 earnings at $4.18 EPS.

Other research analysts have also issued reports about the company. ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday. Credit Suisse Group reduced their price objective on XPO Logistics from $92.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, February 19th. Cowen reaffirmed a “buy” rating and set a $112.00 target price on shares of XPO Logistics in a research report on Thursday, December 13th. KeyCorp cut their target price on shares of XPO Logistics from $110.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, December 13th. Finally, SunTrust Banks cut their target price on shares of XPO Logistics from $83.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $92.67.

XPO stock opened at $59.53 on Friday. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 0.87 and a beta of 2.20. XPO Logistics has a 52-week low of $41.05 and a 52-week high of $116.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 14th. The transportation company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.11). XPO Logistics had a return on equity of 10.83% and a net margin of 2.44%. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that XPO Logistics will post 3.48 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of XPO Logistics by 20.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after buying an additional 176 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of XPO Logistics by 3.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,886 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 183 shares in the last quarter. Standard Life Aberdeen plc boosted its position in shares of XPO Logistics by 3.6% during the 4th quarter. Standard Life Aberdeen plc now owns 6,681 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 231 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in XPO Logistics by 83.3% in the third quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 250 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in XPO Logistics by 8.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,510 shares of the transportation company’s stock valued at $257,000 after acquiring an additional 350 shares during the period.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

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