XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a report released on Thursday. They currently have a $75.00 target price on the transportation company’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 9.86% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus set a $77.00 target price on shares of XPO Logistics and gave the company a “buy” rating in a report on Wednesday, August 23rd. Bank of America Corporation began coverage on shares of XPO Logistics in a report on Wednesday, June 28th. They issued a “buy” rating and a $72.00 target price on the stock. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, July 7th. BidaskClub lowered shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Cowen and Company reiterated a “buy” rating and issued a $69.00 target price on shares of XPO Logistics in a report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.81.

Shares of XPO Logistics (NYSE:XPO) traded down 0.198% on Thursday, hitting $68.135. 758,994 shares of the company were exchanged. The firm’s 50-day moving average is $62.96 and its 200-day moving average is $57.55. XPO Logistics has a 52-week low of $31.68 and a 52-week high of $68.96. The stock has a market capitalization of $8.03 billion, a PE ratio of 78.047 and a beta of 2.37.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. XPO Logistics’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. Equities research analysts predict that XPO Logistics will post $1.92 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/12/xpo-logistics-xpo-buy-rating-reiterated-at-oppenheimer-holdings-inc.html.

Institutional investors and hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC purchased a new stake in XPO Logistics during the 2nd quarter worth approximately $1,147,000. Envestnet Asset Management Inc. increased 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 period. Advisors Asset Management Inc. increased its stake in XPO Logistics by 18.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares during the period. Argent Trust Co purchased a new stake in XPO Logistics during the 2nd quarter worth approximately $205,000. Finally, Boston Advisors LLC purchased a new stake in XPO Logistics during the 2nd quarter worth approximately $212,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.