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.

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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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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