XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating restated by equities research analysts at Cowen and Company in a research report issued to clients and investors on Thursday, September 7th. They currently have a $69.00 price objective on the transportation company’s stock. Cowen and Company’s price target would indicate a potential upside of 7.66% from the company’s previous close.
XPO has been the topic of several other reports. Stifel Nicolaus set a $77.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. William Blair reiterated an “outperform” rating on shares of XPO Logistics in a research note on Monday, August 7th. BidaskClub lowered shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. lifted their price target on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a research note on Monday, June 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. XPO Logistics presently has an average rating of “Buy” and an average target price of $67.33.
XPO Logistics (NYSE:XPO) traded down 2.08% during trading on Thursday, reaching $62.76. The company had a trading volume of 1,168,086 shares. XPO Logistics has a one year low of $31.68 and a one year high of $65.44. The firm has a market capitalization of $7.39 billion, a P/E ratio of 71.89 and a beta of 2.28. The firm’s 50-day moving average price is $58.87 and its 200 day moving average price is $55.67.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business earned $0.42 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that XPO Logistics will post $1.91 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC purchased a new stake in XPO Logistics during the second quarter worth about $1,147,000. Teacher Retirement System of Texas boosted its holdings in XPO Logistics by 1.4% during the first quarter. Teacher Retirement System of Texas now owns 8,751 shares of the transportation company’s stock worth $419,000 after buying an additional 118 shares in the last quarter. Prudential Financial Inc. boosted its holdings in XPO Logistics by 1.5% during the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after buying an additional 150 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in XPO Logistics by 1.6% during the second quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock worth $704,000 after buying an additional 179 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in XPO Logistics by 8.8% during the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares in the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
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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