Goldman Sachs Group assumed coverage on shares of XPO Logistics (NYSE:XPO) in a note issued to investors on Monday, November 13th, MarketBeat reports. The brokerage set a “buy” rating and a $90.00 price target on the transportation company’s stock. Goldman Sachs Group’s price target indicates a potential downside of 1.74% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Co boosted their target price on shares of XPO Logistics to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Oppenheimer reaffirmed a “buy” rating and issued a $77.00 target price (up from $75.00) on shares of XPO Logistics in a research note on Monday, November 6th. Stifel Nicolaus boosted their target price on shares of XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Deutsche Bank reaffirmed a “buy” rating and issued a $110.00 target price on shares of XPO Logistics in a research note on Friday, November 3rd. Finally, Credit Suisse Group boosted their target price on shares of XPO Logistics from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $79.94.
Shares of XPO Logistics (NYSE XPO) traded up $0.22 during midday trading on Monday, hitting $91.59. 1,276,889 shares of the company’s stock were exchanged, compared to its average volume of 1,976,206. XPO Logistics has a one year low of $42.07 and a one year high of $93.63. The company has a market capitalization of $10,980.08, a P/E ratio of 76.33, a PEG ratio of 1.32 and a beta of 2.52. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23.
Several large investors have recently modified their holdings of XPO. Suffolk Capital Management LLC acquired a new position in XPO Logistics during the third quarter valued at approximately $15,747,000. Sit Investment Associates Inc. grew its holdings in XPO Logistics by 120.3% during the third quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock valued at $1,683,000 after purchasing an additional 13,560 shares during the period. Point72 Asset Management L.P. grew its holdings in XPO Logistics by 51.3% during the third quarter. Point72 Asset Management L.P. now owns 229,039 shares of the transportation company’s stock valued at $15,524,000 after purchasing an additional 77,649 shares during the period. American Century Companies Inc. grew its holdings in XPO Logistics by 719.7% during the second quarter. American Century Companies Inc. now owns 1,577,555 shares of the transportation company’s stock valued at $101,957,000 after purchasing an additional 1,385,098 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in XPO Logistics by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 366,878 shares of the transportation company’s stock valued at $24,867,000 after purchasing an additional 26,095 shares during the period.
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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.
