XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by Cowen and Company in a report issued on Thursday. They presently have a $69.00 price objective on the transportation company’s stock. Cowen and Company’s target price indicates a potential upside of 12.62% from the stock’s current price.

Several other research firms have also recently commented on XPO. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Friday, July 7th. Oppenheimer Holdings Inc. lifted their target price on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and set a $78.00 target price (up previously from $65.00) on shares of XPO Logistics in a research report on Tuesday, July 11th. BidaskClub raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Finally, KeyCorp lifted their target price on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $67.33.

Shares of XPO Logistics (XPO) traded up 2.05% during trading on Thursday, reaching $61.27. The company’s stock had a trading volume of 1,106,971 shares. The stock’s 50 day moving average price is $58.69 and its 200-day moving average price is $55.02. The firm has a market cap of $7.22 billion, a PE ratio of 70.18 and a beta of 2.28. XPO Logistics has a 12 month low of $31.68 and a 12 month high of $65.44.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that XPO Logistics will post $1.92 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in XPO. Bank of Montreal Can grew its stake in XPO Logistics by 8.8% in the 1st 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 in the last quarter. Russell Investments Group Ltd. grew its stake in XPO Logistics by 11.8% in the 1st quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after buying an additional 6,465 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in XPO Logistics by 56.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 123,700 shares of the transportation company’s stock valued at $5,924,000 after buying an additional 44,800 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in XPO Logistics by 28.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 61,967 shares of the transportation company’s stock valued at $2,968,000 after buying an additional 13,589 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in XPO Logistics by 63.5% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 89.55% 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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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