XPO Logistics, Inc. (XPO) Earns Buy Rating from Deutsche Bank AG
XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a $110.00 price objective on the transportation company’s stock. Deutsche Bank AG’s price target suggests a potential upside of 50.17% from the company’s previous close.
Several other brokerages have also recently issued reports on XPO. Barclays PLC boosted their price objective on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Stifel Nicolaus set a $77.00 price objective on XPO Logistics and gave the company a “buy” rating in a report on Wednesday, August 23rd. Morgan Stanley boosted their price objective on XPO Logistics from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. Finally, William Blair reissued an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.50.
Shares of XPO Logistics (NYSE XPO) traded up $3.55 during mid-day trading on Friday, hitting $73.25. The stock had a trading volume of 1,632,066 shares, compared to its average volume of 1,374,172. The firm has a market cap of $8,760.70, a price-to-earnings ratio of 42.34, a PEG ratio of 1.04 and a beta of 2.47. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.48.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 7.34% and a net margin of 1.11%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. research analysts forecast that XPO Logistics will post 1.91 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the business. 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 in the last quarter. 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 in the last quarter. Argent Trust Co purchased a new stake in XPO Logistics during the 2nd quarter worth approximately $205,000. Boston Advisors LLC purchased a new stake in XPO Logistics during the 2nd quarter worth approximately $212,000. Finally, HighTower Advisors LLC purchased a new stake in XPO Logistics during the 1st quarter worth approximately $214,000. Institutional investors own 90.14% of the company’s stock.
About XPO Logistics
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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