XPO Logistics (NYSE:XPO) Given New $95.00 Price Target at Barclays

XPO Logistics (NYSE:XPO) had its price target decreased by Barclays from $110.00 to $95.00 in a report issued on Friday, The Fly reports. Barclays currently has an overweight rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Wolfe Research began coverage on shares of XPO Logistics in a research report on Tuesday, December 7th. They issued an outperform rating and a $101.00 target price on the stock. Zacks Investment Research raised shares of XPO Logistics from a strong sell rating to a hold rating in a research report on Wednesday, November 3rd. Benchmark began coverage on shares of XPO Logistics in a research report on Wednesday, December 22nd. They issued a buy rating and a $103.00 target price on the stock. Bank of America cut shares of XPO Logistics from a buy rating to a neutral rating and decreased their target price for the stock from $97.00 to $88.00 in a research report on Wednesday, November 17th. Finally, Wells Fargo & Company decreased their target price on shares of XPO Logistics from $108.00 to $107.00 and set an overweight rating on the stock in a research report on Thursday, October 14th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $117.04.

XPO Logistics stock opened at $70.41 on Friday. XPO Logistics has a 12-month low of $63.24 and a 12-month high of $90.78. The stock has a market capitalization of $8.08 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.25 and a beta of 2.08. The firm’s 50-day moving average is $75.34 and its two-hundred day moving average is $90.95. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.01 and a quick ratio of 1.01.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Tuesday, November 2nd. The transportation company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. XPO Logistics had a net margin of 1.91% and a return on equity of 26.07%. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the company earned $0.84 EPS. As a group, analysts forecast that XPO Logistics will post 4.15 EPS for the current year.

In other news, CEO S Jacobs Bradley sold 3,217,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 9th. The shares were sold at an average price of $74.21, for a total transaction of $238,770,675.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. AGF Investments Inc. boosted its holdings in XPO Logistics by 50.0% in the second quarter. AGF Investments Inc. now owns 75,000 shares of the transportation company’s stock worth $10,492,000 after purchasing an additional 25,000 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of XPO Logistics by 435.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,668 shares of the transportation company’s stock valued at $4,989,000 after acquiring an additional 29,008 shares during the period. Natixis Advisors L.P. boosted its holdings in shares of XPO Logistics by 15.9% during the second quarter. Natixis Advisors L.P. now owns 13,089 shares of the transportation company’s stock valued at $1,065,000 after acquiring an additional 1,796 shares during the period. Prudential Financial Inc. boosted its holdings in shares of XPO Logistics by 293.8% during the second quarter. Prudential Financial Inc. now owns 59,231 shares of the transportation company’s stock valued at $8,286,000 after acquiring an additional 44,189 shares during the period. Finally, HBK Investments L P acquired a new position in shares of XPO Logistics during the second quarter valued at $4,197,000. 73.55% of the stock is owned by hedge funds and other institutional investors.

XPO Logistics Company Profile

XPO Logistics, Inc engages in the provision of supply chain solutions. It operates through the following segments: Transportation and Logistics. The Transportation segment includes truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation.

Further Reading: What sectors are represented in the Hang Seng index?

The Fly logo

Analyst Recommendations for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.