XPO Logistics, Inc. (XPO) Price Target Cut to $75.00 by Analysts at CIBC
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.
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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.
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