XPO Logistics, Inc. (XPO) Earns “Buy” Rating from Cowen and Company

Cowen and Company reiterated their buy rating on shares of XPO Logistics, Inc. (NYSE:XPO) in a report released on Thursday. They currently have a $69.00 target price on the transportation company’s stock.

Other analysts also recently issued reports about the stock. Oppenheimer Holdings, Inc. raised their target price on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an outperform rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of XPO Logistics from a buy rating to a strong-buy rating in a report on Friday, June 16th. Zacks Investment Research downgraded shares of XPO Logistics from a buy rating to a hold rating in a report on Thursday, July 13th. Morgan Stanley restated an overweight rating and set a $75.00 target price (up from $60.00) on shares of XPO Logistics in a report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a buy rating and set a $78.00 target price (up from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $67.33.

XPO Logistics (NYSE:XPO) opened at 61.27 on Thursday. XPO Logistics has a 12 month low of $31.68 and a 12 month high of $65.44. The stock has a market capitalization of $7.22 billion, a P/E ratio of 70.18 and a beta of 2.28. The company’s 50-day moving average is $58.71 and its 200-day moving average is $55.06.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Equities analysts anticipate that XPO Logistics will post $1.92 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in XPO. BlackRock Inc. grew its stake in shares of XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock valued at $288,120,000 after buying an additional 5,991,806 shares in the last quarter. American Century Companies Inc. grew its stake in shares of XPO Logistics by 719.7% in the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after buying an additional 1,385,098 shares in the last quarter. FMR LLC grew its stake in shares of XPO Logistics by 73.3% in the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after buying an additional 1,223,543 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of XPO Logistics by 8.5% in the second quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after buying an additional 718,511 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of XPO Logistics by 43.4% in the second quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock valued at $103,509,000 after buying an additional 485,053 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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