XPO Logistics Inc. (XPO) Given a $54.00 Price Target by Citigroup Inc. Analysts
Other research analysts also recently issued reports about the company. Deutsche Bank AG started coverage on XPO Logistics in a research note on Wednesday, November 2nd. They issued a buy rating and a $60.00 price objective for the company. Zacks Investment Research raised XPO Logistics from a hold rating to a buy rating and set a $41.00 target price for the company in a research note on Wednesday, October 12th. Stifel Nicolaus raised their target price on XPO Logistics from $35.00 to $50.00 and gave the stock a buy rating in a research note on Friday, August 5th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of XPO Logistics in a research note on Thursday, November 3rd. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $42.00 target price on shares of XPO Logistics in a research note on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $45.60.
Shares of XPO Logistics (NYSE:XPO) opened at 44.23 on Thursday. The stock’s market capitalization is $4.90 billion. XPO Logistics has a 1-year low of $18.04 and a 1-year high of $45.83. The company has a 50-day moving average of $37.37 and a 200-day moving average of $32.72.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. XPO Logistics had a positive return on equity of 2.28% and a negative net margin of 0.17%. The firm earned $3.70 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the company earned ($0.15) EPS. The firm’s revenue was up 57.2% compared to the same quarter last year. On average, equities research analysts expect that XPO Logistics will post $0.96 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of XPO Logistics by 1.7% in the third quarter. Principal Financial Group Inc. now owns 13,316 shares of the company’s stock worth $488,000 after buying an additional 228 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of XPO Logistics by 7.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,300 shares of the company’s stock worth $109,000 after buying an additional 300 shares during the period. Kirr Marbach & Co. LLC IN boosted its position in shares of XPO Logistics by 2.7% in the third quarter. Kirr Marbach & Co. LLC IN now owns 11,210 shares of the company’s stock worth $411,000 after buying an additional 300 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of XPO Logistics by 5.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,613 shares of the company’s stock worth $175,000 after buying an additional 363 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of XPO Logistics by 9.1% in the third quarter. Pacer Advisors Inc. now owns 7,478 shares of the company’s stock worth $274,000 after buying an additional 624 shares during the period. Institutional investors own 91.31% of the company’s stock.
XPO Logistics Company Profile
XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.
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