XPO Logistics, Inc. (NYSE:XPO) has been given a consensus recommendation of “Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $67.00.

XPO has been the topic of several recent analyst reports. CIBC lifted their price target on shares of XPO Logistics from $58.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price target (down previously from $78.00) on shares of XPO Logistics in a report on Friday, July 21st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $63.00 price target (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Credit Suisse Group lifted their price target on shares of XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Zacks Investment Research cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

XPO Logistics (NYSE XPO) opened at 61.27 on Friday. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 70.18 and a beta of 2.28. XPO Logistics has a 52 week low of $31.68 and a 52 week high of $65.44. The company’s 50-day moving average is $58.71 and its 200 day moving average is $55.06.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, analysts forecast that XPO Logistics will post $1.92 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in XPO Logistics by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after buying an additional 718,511 shares during the last quarter. BlackRock Inc. raised its position in XPO Logistics by 24,470.3% in the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the last quarter. Dimensional Fund Advisors LP raised its position in XPO Logistics by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,953 shares of the transportation company’s stock worth $190,725,000 after buying an additional 85,621 shares during the last quarter. FMR LLC raised its position in XPO Logistics by 73.3% in the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after buying an additional 1,223,543 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in XPO Logistics by 43.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock worth $103,509,000 after buying an additional 485,053 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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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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