XPO Logistics, Inc. (XPO) PT Raised to $84.00 at J P Morgan Chase & Co
XPO Logistics, Inc. (NYSE:XPO) had its target price increased by analysts at J P Morgan Chase & Co from $74.00 to $84.00 in a research note issued to investors on Thursday. The firm presently has an “overweight” rating on the transportation company’s stock. J P Morgan Chase & Co’s target price points to a potential upside of 23.04% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Barclays PLC increased their target price on XPO Logistics from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Credit Suisse Group increased their target price on XPO Logistics from $68.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Friday, July 7th. Oppenheimer Holdings, Inc. increased their target price on XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. Finally, 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 note on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. XPO Logistics currently has an average rating of “Buy” and an average price target of $69.63.
XPO Logistics (NYSE XPO) traded down 0.92% during mid-day trading on Thursday, hitting $67.64. The stock had a trading volume of 266,623 shares. The firm’s 50-day moving average price is $62.96 and its 200 day moving average price is $57.55. The company has a market cap of $7.97 billion, a PE ratio of 77.48 and a beta of 2.37. XPO Logistics has a one year low of $31.68 and a one year high of $68.96.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that XPO Logistics will post $1.92 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in XPO. Bank of New York Mellon Corp grew its stake in XPO Logistics by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 461,618 shares of the transportation company’s stock worth $22,107,000 after buying an additional 20,200 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in XPO Logistics by 34.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 57,494 shares of the transportation company’s stock worth $2,753,000 after buying an additional 14,855 shares during the last quarter. Karp Capital Management Corp purchased a new position in XPO Logistics during the 1st quarter worth approximately $474,000. Envestnet Asset Management Inc. grew its stake in XPO Logistics by 461.3% during the 1st 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 last quarter. Finally, Prudential Financial Inc. grew its stake in XPO Logistics by 1.5% during the 1st quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.54% 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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