XPO Logistics (NYSE:XPO) had its price target hoisted by Citigroup from $100.00 to $110.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a buy rating on the transportation company’s stock. The analysts noted that the move was a valuation call.
A number of other analysts have also commented on XPO. Oppenheimer reaffirmed a buy rating and set a $90.00 price objective on shares of XPO Logistics in a research note on Friday, January 10th. Zacks Investment Research lowered XPO Logistics from a buy rating to a hold rating in a research note on Saturday, January 11th. Barclays lowered XPO Logistics from an overweight rating to an equal weight rating and set a $100.00 price objective on the stock. in a research note on Monday, January 27th. Bank of America lowered XPO Logistics from a buy rating to a neutral rating and increased their price objective for the company from $76.00 to $87.00 in a research note on Wednesday, October 30th. Finally, Cowen increased their price objective on XPO Logistics from $98.00 to $112.00 and gave the company an outperform rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $94.75.
XPO Logistics stock opened at $95.20 on Tuesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 0.66 and a beta of 2.45. XPO Logistics has a fifty-two week low of $45.73 and a fifty-two week high of $96.26. The stock’s fifty day moving average is $87.15 and its two-hundred day moving average is $78.34.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Monday, February 10th. The transportation company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.23 billion. XPO Logistics had a return on equity of 15.90% and a net margin of 2.44%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. As a group, sell-side analysts forecast that XPO Logistics will post 4.63 EPS for the current fiscal year.
In related news, major shareholder Spruce House Partnership Lp sold 150,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $83.82, for a total transaction of $12,573,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 18.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Trexquant Investment LP raised its holdings in shares of XPO Logistics by 0.8% in the 4th quarter. Trexquant Investment LP now owns 15,169 shares of the transportation company’s stock worth $1,209,000 after purchasing an additional 114 shares during the period. Parallel Advisors LLC raised its holdings in shares of XPO Logistics by 7.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,972 shares of the transportation company’s stock worth $141,000 after purchasing an additional 138 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of XPO Logistics by 19.9% in the 4th quarter. Quadrant Capital Group LLC now owns 830 shares of the transportation company’s stock worth $62,000 after purchasing an additional 138 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of XPO Logistics by 2.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,871 shares of the transportation company’s stock worth $397,000 after purchasing an additional 176 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of XPO Logistics by 2.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,776 shares of the transportation company’s stock worth $557,000 after purchasing an additional 180 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, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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