XPO Logistics’ (NYSE:XPO) Buy Rating Reaffirmed at Stifel Nicolaus
XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a research report issued on Tuesday, July 11th, MarketBeat reports. They presently have a $78.00 target price on the transportation company’s stock, up from their previous target price of $65.00. Stifel Nicolaus’ price target indicates a potential upside of 35.21% from the stock’s current price.
A number of other analysts have also commented on XPO. Vertical Research started coverage on XPO Logistics in a report on Thursday, April 13th. They set a “buy” rating and a $60.00 price objective for the company. Credit Suisse Group boosted their price objective on XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Morgan Stanley boosted their price objective on XPO Logistics from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $63.00 price objective (up from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Finally, CIBC boosted their price objective on XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. XPO Logistics presently has a consensus rating of “Buy” and an average target price of $66.73.
Shares of XPO Logistics (NYSE XPO) traded down 0.76% on Tuesday, reaching $57.69. The company had a trading volume of 2,239,290 shares. XPO Logistics has a 12 month low of $28.43 and a 12 month high of $65.44. The stock has a market cap of $6.49 billion, a PE ratio of 66.39 and a beta of 2.31. The stock has a 50-day moving average price of $61.98 and a 200-day moving average price of $52.84.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a return on equity of 6.59% and a net margin of 0.80%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. Analysts predict that XPO Logistics will post $1.92 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. FMR LLC purchased a new position in XPO Logistics during the fourth quarter valued at approximately $58,317,000. Russell Investments Group Ltd. purchased a new position in XPO Logistics during the fourth quarter valued at approximately $2,383,000. Hennessy Advisors Inc. purchased a new position in XPO Logistics during the first quarter valued at approximately $3,956,000. AQR Capital Management LLC increased its position in XPO Logistics by 509.6% in the fourth quarter. AQR Capital Management LLC now owns 39,178 shares of the transportation company’s stock valued at $1,691,000 after buying an additional 32,751 shares during the last quarter. Finally, American Century Companies Inc. increased its position in XPO Logistics by 1.2% in the first quarter. American Century Companies Inc. now owns 192,457 shares of the transportation company’s stock valued at $9,217,000 after buying an additional 2,317 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
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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