Shares of XPO Logistics, Inc. (NYSE:XPO) have received an average rating of “Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $66.36.

A number of research firms recently issued reports on XPO. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Friday, July 7th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $63.00 price objective (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Stifel Nicolaus restated a “buy” rating and set a $78.00 price objective (up previously from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. KeyCorp boosted their price objective on XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Finally, Credit Suisse Group boosted their price objective on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, May 15th.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Envestnet Asset Management Inc. raised its position in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. raised its position in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can raised its position in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in 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 valued at $165,000 after buying an additional 286 shares during the last quarter. Finally, FTB Advisors Inc. bought a new position in XPO Logistics during the first quarter valued at approximately $196,000. 93.16% of the stock is owned by hedge funds and other institutional investors.

Shares of XPO Logistics (NYSE XPO) traded up 0.28% during trading on Friday, hitting $60.67. The company had a trading volume of 1,971,260 shares. XPO Logistics has a 52 week low of $27.93 and a 52 week high of $65.44. The company has a market capitalization of $6.78 billion, a P/E ratio of 71.54 and a beta of 2.32. The stock’s 50-day moving average price is $61.41 and its 200 day moving average price is $51.83.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.55 billion. On average, equities research analysts forecast that XPO Logistics will post $1.96 earnings per share for the current year.

About XPO Logistics

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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