XPO Logistics’ (XPO) “Buy” Rating Reiterated at Oppenheimer Holdings, Inc.
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.
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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.
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