XPO Logistics Inc. (XPO) Given a $54.00 Price Target by Citigroup Inc. Analysts
XPO Logistics Inc. (NYSE:XPO) received a $54.00 price objective from investment analysts at Citigroup Inc. in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Citigroup Inc.’s target price indicates a potential upside of 19.26% from the company’s previous close.
Several other equities analysts have also recently weighed in on XPO. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of XPO Logistics in a research note on Wednesday, August 3rd. Zacks Investment Research cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Stifel Nicolaus raised their target price on shares of XPO Logistics from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Cowen and Company raised their target price on shares of XPO Logistics from $26.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG reaffirmed a “top pick” rating and set a $60.00 target price on shares of XPO Logistics in a research note on Monday, November 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. XPO Logistics currently has an average rating of “Buy” and an average target price of $45.60.
XPO Logistics (NYSE:XPO) traded down 0.59% during mid-day trading on Thursday, reaching $45.28. 808,056 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $37.15 and a 200-day moving average price of $32.52. The stock’s market capitalization is $5.02 billion. XPO Logistics has a 12-month low of $18.04 and a 12-month high of $45.83.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The company 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%. XPO Logistics’s quarterly revenue was up 57.2% on a year-over-year basis. During the same period last year, the company posted ($0.15) earnings per share. Equities research analysts expect that XPO Logistics will post $0.96 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in 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 period. BNP Paribas Arbitrage SA acquired a new position in XPO Logistics during the second quarter valued at approximately $102,000. 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 period. Finally, PNC Financial Services Group Inc. raised its position in XPO Logistics by 5.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,613 shares of the company’s stock valued at $175,000 after buying an additional 363 shares during the period. Institutional investors and hedge funds own 97.75% of the company’s stock.
About XPO Logistics
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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