XPO Logistics’ (XPO) Outperform Rating Reaffirmed at Cowen and Company
XPO Logistics Inc (NYSE:XPO)‘s stock had its “outperform” rating reissued by stock analysts at Cowen and Company in a note issued to investors on Monday. They currently have a $60.00 price objective on the transportation company’s stock. Cowen and Company’s price target would suggest a potential upside of 13.66% from the stock’s previous close.
XPO has been the subject of a number of other research reports. Deutsche Bank AG set a $60.00 target price on XPO Logistics and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $63.00 price objective (up from $58.00) on shares of XPO Logistics in a research report on Friday, May 12th. Seaport Global Securities started coverage on XPO Logistics in a research report on Tuesday, February 7th. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, February 15th. Finally, Credit Suisse Group AG increased their price objective on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $60.07.
XPO Logistics (NYSE:XPO) traded up 0.70% on Monday, hitting $53.16. 190,679 shares of the stock were exchanged. XPO Logistics has a one year low of $22.23 and a one year high of $55.66. The company’s 50 day moving average price is $50.05 and its 200-day moving average price is $46.60. The company has a market cap of $5.94 billion, a P/E ratio of 62.69 and a beta of 2.11.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a positive return on equity of 2.28% and a negative net margin of 0.17%. Equities research analysts predict that XPO Logistics will post $1.95 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. boosted its position in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the period. Bank of Montreal Can boosted its position in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock worth $165,000 after buying an additional 286 shares during the period. Finally, FTB Advisors Inc. bought a new position in shares of XPO Logistics during the first quarter worth about $196,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.
XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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