XPO Logistics, Inc. (XPO) Stock Rating Upgraded by Zacks Investment Research
XPO Logistics, Inc. (NYSE:XPO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $72.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 13.60% from the company’s current price.
According to Zacks, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan. “
Several other brokerages also recently commented on XPO. BidaskClub upgraded XPO Logistics from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Bank of America Corporation initiated coverage on XPO Logistics in a research report on Wednesday, June 28th. They set a “buy” rating and a $72.00 price target for the company. KeyCorp lifted their price target on XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Deutsche Bank AG reiterated a “buy” rating and set a $75.00 price target on shares of XPO Logistics in a research report on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $63.00 price target (up previously from $58.00) on shares of XPO Logistics in a research report on Friday, May 12th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.44.
XPO Logistics (NYSE:XPO) traded down 0.232% on Friday, reaching $63.233. The company had a trading volume of 145,723 shares. The stock has a market capitalization of $7.06 billion, a P/E ratio of 74.567 and a beta of 2.32. The stock’s 50-day moving average price is $57.65 and its 200-day moving average price is $50.03. XPO Logistics has a 12-month low of $24.02 and a 12-month high of $65.44.
XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, May 3rd. The transportation company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.55 billion. On average, equities research analysts anticipate that XPO Logistics will post $1.97 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA purchased a new position in shares of XPO Logistics during the second quarter worth $102,000. Thompson Davis & CO. Inc. boosted its position in shares of XPO Logistics by 640.0% in the third quarter. Thompson Davis & CO. Inc. now owns 2,775 shares of the transportation company’s stock worth $102,000 after buying an additional 2,400 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of XPO Logistics by 7.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,300 shares of the transportation company’s stock worth $109,000 after buying an additional 300 shares in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter. 93.17% of the stock is currently owned by institutional investors.
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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