XPO Logistics, Inc. (NYSE:XPO) had its price objective raised by Barclays PLC from $65.00 to $75.00 in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Several other research firms also recently commented on XPO. Credit Suisse Group upped their price objective on XPO Logistics from $68.00 to $76.00 and gave the company an outperform rating in a research note on Friday, September 29th. Zacks Investment Research raised XPO Logistics from a hold rating to a buy rating and set a $72.00 price objective for the company in a research note on Friday, July 7th. Oppenheimer Holdings, Inc. upped their price objective on XPO Logistics from $63.00 to $72.00 and gave the company an outperform rating in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a buy rating and set a $78.00 price objective (up from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. Finally, BidaskClub raised XPO Logistics from a buy rating to a strong-buy rating in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $68.67.

XPO Logistics (NYSE XPO) opened at 66.22 on Monday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 75.85 and a beta of 2.37. XPO Logistics has a one year low of $31.68 and a one year high of $68.15. The stock has a 50 day moving average price of $61.64 and a 200-day moving average price of $56.89.

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 Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. On average, analysts predict that XPO Logistics will post $1.91 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. BlackRock Inc. increased its position in XPO Logistics by 24,470.3% during the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after purchasing an additional 5,991,806 shares during the period. American Century Companies Inc. increased its position in XPO Logistics by 719.7% during the 2nd quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock worth $101,957,000 after purchasing an additional 1,385,098 shares during the period. FMR LLC increased its position in XPO Logistics by 73.3% during the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after purchasing an additional 1,223,543 shares during the period. Vanguard Group Inc. increased its position in XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after purchasing an additional 718,511 shares during the period. Finally, Victory Capital Management Inc. increased its position in XPO Logistics by 43.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock worth $103,509,000 after purchasing an additional 485,053 shares during the period. Institutional investors own 89.54% 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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