BidaskClub upgraded shares of XPO Logistics, Inc. (NYSE:XPO) from a buy rating to a strong-buy rating in a report issued on Friday, June 16th.

Several other research analysts also recently commented on XPO. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $56.00 price objective (up previously from $50.00) on shares of XPO Logistics in a report on Thursday, February 16th. Deutsche Bank AG set a $60.00 price objective on XPO Logistics and gave the stock a buy rating in a report on Wednesday, February 22nd. Zacks Investment Research downgraded XPO Logistics from a buy rating to a hold rating in a report on Saturday, March 4th. Stifel Nicolaus lifted their price objective on XPO Logistics from $60.00 to $65.00 and gave the stock a buy rating in a report on Monday, May 15th. Finally, Cowen and Company lifted their price objective on XPO Logistics from $54.00 to $59.00 and gave the stock an outperform rating in a report on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. XPO Logistics currently has a consensus rating of Buy and a consensus price target of $64.81.

Shares of XPO Logistics (XPO) traded up 1.40% during midday trading on Friday, hitting $63.84. The stock had a trading volume of 950,107 shares. XPO Logistics has a 1-year low of $24.02 and a 1-year high of $65.44. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 75.28 and a beta of 2.32. The firm’s 50-day moving average price is $57.65 and its 200-day moving average price is $50.03.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.14. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.55 billion. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. Analysts forecast that XPO Logistics will post $1.97 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can boosted its stake in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock valued at $165,000 after buying an additional 286 shares in the last quarter. Finally, FTB Advisors Inc. acquired a new stake in XPO Logistics during the first quarter valued at $196,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

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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