XPO Logistics’ (XPO) “Buy” Rating Reaffirmed at Cowen and Company
Cowen and Company reiterated their buy rating on shares of XPO Logistics, Inc. (NYSE:XPO) in a research report report published on Thursday. The firm currently has a $69.00 price target on the transportation company’s stock.
Several other analysts have also recently issued reports on XPO. Stifel Nicolaus set a $77.00 target price on XPO Logistics and gave the stock a buy rating in a research note on Wednesday, August 23rd. William Blair reissued an outperform rating on shares of XPO Logistics in a research note on Monday, August 7th. BidaskClub cut XPO Logistics from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Oppenheimer Holdings Inc. raised their target price on XPO Logistics from $63.00 to $72.00 and gave the stock an outperform rating in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG reissued a buy rating and issued a $75.00 target price on shares of XPO Logistics in a research note on Monday, June 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $67.33.
Shares of XPO Logistics (XPO) traded up 1.88% during midday trading on Thursday, hitting $61.17. The company had a trading volume of 757,762 shares. The firm’s 50 day moving average is $58.69 and its 200 day moving average is $55.02. The company has a market capitalization of $7.21 billion, a P/E ratio of 70.07 and a beta of 2.28. XPO Logistics has a 52 week low of $31.68 and a 52 week high of $65.44.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. XPO Logistics’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. Equities research analysts anticipate that XPO Logistics will post $1.92 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of XPO Logistics by 461.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after purchasing an additional 1,993 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of XPO Logistics by 63.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after purchasing an additional 981 shares in the last quarter. Bank of Montreal Can boosted its position in shares of XPO Logistics by 8.8% in the 1st quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after purchasing an additional 241 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in shares of XPO Logistics in the 1st quarter worth approximately $200,000. Finally, Argent Trust Co bought a new stake in shares of XPO Logistics in the 2nd quarter worth approximately $205,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
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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