XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by equities researchers at KeyCorp in a note issued to investors on Thursday. They presently have a $75.00 target price on the transportation company’s stock. KeyCorp’s price objective would indicate a potential upside of 10.10% from the company’s current price.

Other equities analysts also recently issued reports about the stock. J P Morgan Chase & Co increased their price objective on shares of XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday. Barclays PLC increased their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, BidaskClub raised shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $70.13.

XPO Logistics (NYSE XPO) traded down 0.22% during mid-day trading on Thursday, reaching $68.12. The company had a trading volume of 1,057,119 shares. The company’s 50-day moving average is $62.96 and its 200-day moving average is $57.55. The stock has a market capitalization of $8.03 billion, a PE ratio of 78.03 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 issued its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts anticipate that XPO Logistics will post $1.92 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in XPO. BlackRock Inc. grew its position in XPO Logistics by 24,470.3% during the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock valued at $288,120,000 after buying an additional 5,991,806 shares during the period. American Century Companies Inc. grew its position in XPO Logistics by 719.7% during the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after buying an additional 1,385,098 shares during the period. FMR LLC grew its position in XPO Logistics by 73.3% during the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock valued at $187,026,000 after buying an additional 1,223,543 shares during the period. Vanguard Group Inc. grew its position in XPO Logistics by 8.5% during the second quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock valued at $591,414,000 after buying an additional 718,511 shares during the period. Finally, Victory Capital Management Inc. grew its position in XPO Logistics by 43.4% during the second quarter. Victory Capital Management Inc. now owns 1,601,569 shares of the transportation company’s stock valued at $103,509,000 after buying an additional 485,053 shares during the period. Institutional investors own 89.54% of the company’s stock.

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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