XPO Logistics, Inc. (NYSE:XPO) had its target price decreased by analysts at CIBC from $77.00 to $75.00 in a research note issued to investors on Monday. The brokerage presently has an “outperform” rating on the transportation company’s stock. CIBC’s price target points to a potential upside of 0.44% from the stock’s current price.

Several other brokerages also recently commented on XPO. BidaskClub downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Cowen and Company restated a “buy” rating and issued a $69.00 target price on shares of XPO Logistics in a research note on Thursday, September 7th. Finally, Stifel Nicolaus set a $77.00 target price on XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $76.28.

Shares of XPO Logistics (NYSE:XPO) traded up $0.48 during trading hours on Monday, reaching $74.67. The company had a trading volume of 1,201,400 shares, compared to its average volume of 1,518,658. The company has a market cap of $8,950.00, a price-to-earnings ratio of 43.16, a P/E/G ratio of 1.08 and a beta of 2.47. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. XPO Logistics has a twelve month low of $41.89 and a twelve month high of $74.90.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. XPO Logistics’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. equities analysts anticipate that XPO Logistics will post 1.92 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/20/xpo-logistics-inc-xpo-price-target-cut-to-75-00-by-analysts-at-cibc.html.

Several large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC bought a new stake in shares of XPO Logistics in the 2nd quarter worth approximately $1,147,000. Prudential Financial Inc. raised its holdings in XPO Logistics by 1.5% during the 1st quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 150 shares during the period. Teacher Retirement System of Texas raised its holdings in XPO Logistics by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock valued at $576,000 after acquiring an additional 161 shares during the period. Flagship Harbor Advisors LLC raised its holdings in XPO Logistics by 1.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock valued at $704,000 after acquiring an additional 179 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in XPO Logistics by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 373 shares during the period. 94.57% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

Receive News & Stock Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related stocks with our FREE daily email newsletter.