XPO Logistics (XPO) Upgraded to “Buy” by ValuEngine
ValuEngine upgraded shares of XPO Logistics (NYSE:XPO) from a hold rating to a buy rating in a research report report published on Thursday.
A number of other analysts have also weighed in on the stock. Citigroup reduced their price target on shares of XPO Logistics from $110.00 to $75.00 and set a buy rating for the company in a research note on Tuesday, December 26th. Stifel Nicolaus reduced their price target on shares of XPO Logistics from $120.00 to $80.00 and set a buy rating for the company in a research note on Tuesday, January 2nd. Bank of America set a $103.00 price target on shares of XPO Logistics and gave the stock a buy rating in a research note on Wednesday, January 3rd. Deutsche Bank reaffirmed a buy rating on shares of XPO Logistics in a research note on Friday, December 22nd. Finally, Macquarie upped their price target on shares of XPO Logistics from $80.00 to $105.00 and gave the stock an outperform rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $96.60.
XPO Logistics (NYSE:XPO) opened at $99.27 on Thursday. The stock has a market cap of $11,900.00, a PE ratio of 90.25, a price-to-earnings-growth ratio of 1.00 and a beta of 2.41. XPO Logistics has a one year low of $44.51 and a one year high of $100.45. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.20.
A number of hedge funds have recently added to or reduced their stakes in XPO. Mutual of America Capital Management LLC acquired a new stake in XPO Logistics during the third quarter valued at approximately $365,000. Nationwide Fund Advisors lifted its stake in XPO Logistics by 12.5% during the third quarter. Nationwide Fund Advisors now owns 82,431 shares of the transportation company’s stock valued at $5,587,000 after purchasing an additional 9,150 shares during the last quarter. Pictet Asset Management Ltd. acquired a new stake in XPO Logistics during the third quarter valued at approximately $2,880,000. ARP Americas LLC lifted its stake in XPO Logistics by 15.1% during the third quarter. ARP Americas LLC now owns 9,783 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 1,283 shares during the last quarter. Finally, DSAM Partners London Ltd lifted its stake in XPO Logistics by 32.9% during the third quarter. DSAM Partners London Ltd now owns 327,203 shares of the transportation company’s stock valued at $22,178,000 after purchasing an additional 80,989 shares during the last quarter.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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