Shares of XPO Logistics, Inc. (NYSE:XPO) have earned a consensus rating of “Buy” from the nineteen ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $70.00.

XPO has been the subject of several recent analyst reports. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and issued a $78.00 price target (up previously from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. lifted their price target on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. Morgan Stanley lifted their price target on XPO Logistics from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Finally, BidaskClub lowered XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th.

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Shares of XPO Logistics (NYSE XPO) opened at 69.59 on Friday. The firm’s 50-day moving average price is $65.37 and its 200 day moving average price is $59.18. XPO Logistics has a 12-month low of $31.68 and a 12-month high of $70.33. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 79.71 and a beta of 2.37.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share 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 firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the business earned $0.42 EPS. XPO Logistics’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that XPO Logistics will post $1.92 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of XPO Logistics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after purchasing an additional 718,511 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of XPO Logistics by 24,470.3% during the 1st quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after purchasing an additional 5,991,806 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of XPO Logistics by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,950,953 shares of the transportation company’s stock worth $190,725,000 after purchasing an additional 85,621 shares during the last quarter. FMR LLC boosted its holdings in shares of XPO Logistics by 73.3% during the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after purchasing an additional 1,223,543 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of XPO Logistics by 37.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after purchasing an additional 603,866 shares during the last quarter. Institutional investors and hedge funds own 89.61% 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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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