FBR Capital Markets Increases XPO Logistics Price Target to $33.00 (XPO)
Equities research analysts at FBR Capital Markets lifted their price objective on shares of XPO Logistics (NYSE:XPO) from $30.00 to $33.00 in a research note issued to investors on Tuesday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price would indicate a potential upside of 8.87% from the company’s current price.
Shares of XPO Logistics (NYSE:XPO) traded down 0.10% during mid-day trading on Tuesday, hitting $30.28. 238,584 shares of the company’s stock traded hands. XPO Logistics has a one year low of $15.48 and a one year high of $30.90. The stock has a 50-day moving average of $24.03 and a 200-day moving average of $22.22. The company’s market cap is $924.3 million.
XPO Logistics (NYSE:XPO) last announced its earnings results on Tuesday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.14. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $196.32 million. During the same quarter last year, the company posted ($0.22) earnings per share. XPO Logistics’s revenue was up 176.6% compared to the same quarter last year. On average, analysts predict that XPO Logistics will post $-2.47 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $31.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a research note to investors on Monday, December 16th. They now have a $32.00 price target on the stock, up previously from $29.00. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $28.38.
XPO Logistics, Inc is a logistics provider of freight transportation services. As of December 31, 2011, the Company’s operations consisted of three business units: expedited transportation, freight forwarding and freight brokerage.
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