Goldman Sachs Group initiated coverage on shares of XPO Logistics (NYSE:XPO) in a research note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage issued a neutral rating and a $65.00 price target on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on XPO. Barclays upped their price objective on shares of Black Knight from $56.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Saturday, May 11th. Cowen set a $150.00 price objective on shares of Tesla and gave the stock a sell rating in a research report on Friday, May 3rd. Morgan Stanley set a $36.00 price objective on shares of ArcBest and gave the stock a hold rating in a research report on Monday, July 8th. Finally, Deutsche Bank upped their price objective on shares of Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. XPO Logistics currently has a consensus rating of Buy and an average target price of $82.80.

Shares of XPO Logistics stock opened at $58.41 on Wednesday. The company has a 50-day simple moving average of $55.03. The company has a market capitalization of $5.06 billion, a PE ratio of 18.31, a PEG ratio of 0.53 and a beta of 2.34. XPO Logistics has a 52-week low of $41.05 and a 52-week high of $116.27. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.07 and a current ratio of 1.07.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. XPO Logistics’s revenue was down 1.7% compared to the same quarter last year. Equities analysts anticipate that XPO Logistics will post 3.51 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Meridian Wealth Management LLC bought a new position in shares of XPO Logistics in the first quarter worth about $34,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of XPO Logistics by 20.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after acquiring an additional 176 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of XPO Logistics by 51.8% in the fourth quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock worth $77,000 after acquiring an additional 460 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of XPO Logistics by 2,161.3% in the first quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock valued at $75,000 after buying an additional 1,340 shares during the period. Finally, Psagot Investment House Ltd. acquired a new position in shares of XPO Logistics in the fourth quarter valued at approximately $94,000. 88.25% of the stock is owned by hedge funds and other institutional investors.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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