Credit Suisse Group Raises XPO Logistics, Inc. (XPO) Price Target to $79.00
XPO Logistics, Inc. (NYSE:XPO) had its target price upped by stock analysts at Credit Suisse Group from $76.00 to $79.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 7.85% from the stock’s current price.
XPO has been the subject of several other research reports. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and issued a $78.00 price target (up previously from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. BidaskClub lowered shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp reissued a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $75.00 price target (up previously from $60.00) on shares of XPO Logistics in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $73.50.
XPO Logistics (NYSE:XPO) traded up $3.55 during trading hours on Friday, hitting $73.25. 1,632,066 shares of the stock traded hands, compared to its average volume of 1,374,172. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $8,760.70, a PE ratio of 42.34, a price-to-earnings-growth ratio of 1.04 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.34%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. sell-side analysts anticipate that XPO Logistics will post 1.91 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new stake in shares of XPO Logistics during the second quarter worth $1,147,000. Prudential Financial Inc. boosted its position in shares of XPO Logistics by 1.5% during the 1st quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 150 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of XPO Logistics by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock valued at $576,000 after acquiring an additional 161 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of XPO Logistics by 1.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock valued at $704,000 after acquiring an additional 179 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of XPO Logistics by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 373 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.
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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