XPO Logistics’ (XPO) “Outperform” Rating Reiterated at Credit Suisse Group
Credit Suisse Group reaffirmed their outperform rating on shares of XPO Logistics (NYSE:XPO) in a report released on Thursday, The Fly reports. They currently have a $106.00 price objective on the transportation company’s stock, up from their previous price objective of $79.00.
XPO has been the topic of a number of other research reports. Deutsche Bank reiterated a buy rating on shares of XPO Logistics in a research report on Friday, December 22nd. CIBC reduced their price target on XPO Logistics from $77.00 to $75.00 and set an outperform rating on the stock in a research report on Monday, November 20th. Macquarie upped their price target on XPO Logistics from $80.00 to $105.00 and gave the company an outperform rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded XPO Logistics from a hold rating to a buy rating and set a $103.00 price target on the stock in a research report on Saturday, January 6th. Finally, Stifel Nicolaus upped their price target on XPO Logistics from $77.00 to $80.00 and gave the company a buy rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $89.50.
Shares of XPO Logistics (NYSE XPO) opened at $95.01 on Thursday. The firm has a market capitalization of $11,390.08, a price-to-earnings ratio of 54.92, a P/E/G ratio of 0.87 and a beta of 2.52. XPO Logistics has a 52-week low of $42.07 and a 52-week high of $95.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.
Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in shares of XPO Logistics in the 2nd quarter valued at about $1,147,000. K.J. Harrison & Partners Inc acquired a new position in shares of XPO Logistics in the 3rd quarter valued at about $847,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of XPO Logistics in the 3rd quarter valued at about $102,000. Oak Point Wealth Management acquired a new position in shares of XPO Logistics in the 4th quarter valued at about $220,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of XPO Logistics by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after purchasing an additional 1,129 shares during the period.
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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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