Stifel Nicolaus Analysts Give XPO Logistics, Inc. (XPO) a $77.00 Price Target
A number of other research analysts have also commented on the stock. William Blair reiterated an outperform rating on shares of XPO Logistics in a research note on Monday, August 7th. BidaskClub lowered shares of XPO Logistics from a buy rating to a hold rating in a research note on Monday, July 31st. Morgan Stanley reiterated an overweight rating and set a $75.00 price objective (up previously from $60.00) on shares of XPO Logistics in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of XPO Logistics from a buy rating to a hold rating in a research note on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. raised their price objective on shares of XPO Logistics from $63.00 to $72.00 and gave the company an outperform rating in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $66.73.
Shares of XPO Logistics (XPO) opened at 58.46 on Wednesday. XPO Logistics has a one year low of $31.68 and a one year high of $65.44. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 66.96 and a beta of 2.31. The firm has a 50-day moving average price of $59.16 and a 200 day moving average price of $54.22.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that XPO Logistics will post $1.92 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of XPO. Public Employees Retirement System of Ohio purchased a new position in XPO Logistics during the second quarter valued at $3,214,000. Castleark Management LLC purchased a new position in XPO Logistics during the second quarter valued at $30,551,000. California State Teachers Retirement System boosted its position in XPO Logistics by 2.9% in the second quarter. California State Teachers Retirement System now owns 198,620 shares of the transportation company’s stock valued at $12,837,000 after buying an additional 5,505 shares during the last quarter. Bank of Nova Scotia purchased a new position in XPO Logistics during the second quarter valued at $16,784,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in XPO Logistics during the second quarter valued at $682,000. Hedge funds and other institutional investors own 91.05% 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.
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