XPO Logistics’s “Outperform” Rating Reaffirmed at Raymond James (XPO)
XPO Logistics (NYSE:XPO)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a note issued to investors on Thursday. They currently have a $35.00 price objective on the stock, up from their previous price objective of $33.00. Raymond James’ price target would suggest a potential upside of 13.31% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of XPO Logistics in a research note on Thursday, June 26th. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of XPO Logistics in a research note on Monday, June 23rd. They now have a $32.00 price target on the stock. Finally, 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 has a consensus rating of “Buy” and a consensus target price of $34.13.
XPO Logistics (NYSE:XPO) traded down 0.23% during mid-day trading on Thursday, hitting $30.89. The stock had a trading volume of 1,782,879 shares. XPO Logistics has a one year low of $19.37 and a one year high of $32.80. The stock’s 50-day moving average is $27.56 and its 200-day moving average is $27.54. The company’s market cap is $1.506 billion.
XPO Logistics (NYSE:XPO) last announced its earnings results on Tuesday, July 29th. The company reported ($0.22) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.26) by $0.04. The company had revenue of $581.10 million for the quarter, compared to the consensus estimate of $551.31 million. XPO Logistics’s revenue was up 323.9% compared to the same quarter last year. On average, analysts predict that XPO Logistics will post $-0.81 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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