XPO Logistics’s Outperform Rating Reaffirmed at Credit Suisse (XPO)
XPO Logistics (NYSE:XPO)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Thursday. They currently have a $34.00 price objective on the stock, up from their previous price objective of $33.00. Credit Suisse’s price objective points to a potential upside of 18.51% from the stock’s previous close.
XPO has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of XPO Logistics in a research note on Monday. They now have a $32.00 price target on the stock. Analysts at Citigroup Inc. initiated coverage on shares of XPO Logistics in a research note on Friday, June 13th. They set a “buy” rating and a $35.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. XPO Logistics presently has a consensus rating of “Buy” and a consensus target price of $32.88.
Shares of XPO Logistics (NYSE:XPO) traded down 1.78% during mid-day trading on Thursday, hitting $28.18. The stock had a trading volume of 233,306 shares. XPO Logistics has a 52 week low of $17.66 and a 52 week high of $32.80. The stock has a 50-day moving average of $25.52 and a 200-day moving average of $27.2. The company’s market cap is $1.480 billion.
XPO Logistics (NYSE:XPO) last released its earnings data on Thursday, May 1st. The company reported ($0.70) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.76 by $1.46. The company had revenue of $282.40 million for the quarter, compared to the consensus estimate of $113.99 billion. The company’s quarterly revenue was up 147.7% on a year-over-year basis. On average, analysts predict that XPO Logistics will post $-0.82 earnings per share for the current fiscal year.
XPO Logistics, Inc is a logistics provider of freight transportation services. The Company’s operations consist of three business units: expedited transportation, freight forwarding and freight brokerage.
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