XPO Logistics (NYSE:XPO) Now Covered by Analysts at Goldman Sachs Group

Equities research analysts at Goldman Sachs Group began coverage on shares of XPO Logistics (NYSE:XPO) in a report issued on Monday, November 13th, MarketBeat.com reports. The brokerage set a “buy” rating and a $90.00 price target on the transportation company’s stock. Goldman Sachs Group’s price target suggests a potential upside of 15.40% from the company’s current price.

Several other research analysts have also issued reports on XPO. Cowen reiterated a “buy” rating and set a $69.00 price objective on shares of XPO Logistics in a research note on Thursday, September 7th. Stifel Nicolaus set a $77.00 price objective on XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Oppenheimer restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, BidaskClub lowered XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.59.

XPO Logistics (NYSE XPO) traded down $1.04 on Monday, hitting $77.99. The stock had a trading volume of 1,527,310 shares, compared to its average volume of 1,346,713. XPO Logistics has a 12 month low of $42.07 and a 12 month high of $80.10. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $9,474.38, a PE ratio of 45.68, a price-to-earnings-growth ratio of 1.14 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates 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 was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. equities research analysts anticipate that XPO Logistics will post 1.92 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. AXA raised its position in XPO Logistics by 47.1% in the 3rd quarter. AXA now owns 200,800 shares of the transportation company’s stock valued at $13,610,000 after buying an additional 64,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in XPO Logistics by 3.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,291 shares of the transportation company’s stock valued at $3,477,000 after buying an additional 1,556 shares during the last quarter. Independent Advisor Alliance acquired a new stake in XPO Logistics in the 3rd quarter valued at approximately $279,000. California Public Employees Retirement System raised its position in XPO Logistics by 5.4% in the 3rd quarter. California Public Employees Retirement System now owns 183,338 shares of the transportation company’s stock valued at $12,427,000 after buying an additional 9,338 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in XPO Logistics in the 3rd quarter valued at approximately $560,000.

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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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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