XPO Logistics Inc (XPO) Rating Reiterated by Deutsche Bank AG
XPO Logistics Inc (NYSE:XPO)‘s stock had its “top pick” rating reaffirmed by stock analysts at Deutsche Bank AG in a note issued to investors on Monday. They presently have a $60.00 price objective on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 43.06% from the stock’s current price.
XPO has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, August 24th. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of XPO Logistics in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. increased their target price on shares of XPO Logistics from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Stifel Nicolaus increased their price objective on shares of XPO Logistics from $35.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Citigroup Inc. set a $38.00 price objective on shares of XPO Logistics and gave the stock a “buy” rating in a report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.00.
Shares of XPO Logistics (NYSE:XPO) opened at 41.94 on Monday. XPO Logistics has a 12 month low of $18.04 and a 12 month high of $42.19. The company’s market cap is $4.65 billion. The company’s 50 day moving average is $35.48 and its 200-day moving average is $31.65.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The business earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a negative net margin of 0.17% and a positive return on equity of 2.28%. The firm’s revenue for the quarter was up 57.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.15) EPS. Analysts expect that XPO Logistics will post $0.96 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of XPO Logistics by 6.4% in the first quarter. State Street Corp now owns 1,539,732 shares of the company’s stock valued at $47,269,000 after buying an additional 92,544 shares during the period. Douglas Lane & Associates LLC raised its position in XPO Logistics by 5.8% in the second quarter. Douglas Lane & Associates LLC now owns 1,213,996 shares of the company’s stock valued at $31,880,000 after buying an additional 67,090 shares during the last quarter. Loomis Sayles & Co. L P raised its position in XPO Logistics by 12.5% in the first quarter. Loomis Sayles & Co. L P now owns 4,447 shares of the company’s stock valued at $137,000 after buying an additional 493 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new position in XPO Logistics during the second quarter valued at $102,000. Finally, Vanguard Group Inc. raised its position in XPO Logistics by 2.3% in the second quarter. Vanguard Group Inc. now owns 6,886,564 shares of the company’s stock valued at $180,841,000 after buying an additional 154,909 shares during the last quarter. 96.28% of the stock is currently owned by institutional investors.
XPO Logistics Company Profile
XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.
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