XPO Logistics’ (XPO) Buy Rating Reaffirmed at KeyCorp
XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by equities researchers at KeyCorp in a report issued on Friday. They presently have a $110.00 price target on the transportation company’s stock. KeyCorp’s price target indicates a potential upside of 15.78% from the company’s current price.
Other analysts have also recently issued reports about the stock. Oppenheimer reaffirmed a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a report on Thursday, October 12th. Goldman Sachs Group initiated coverage on shares of XPO Logistics in a report on Monday, November 13th. They issued a “buy” rating and a $90.00 price target on the stock. Stifel Nicolaus upped their price target on shares of XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a report on Monday, November 6th. Deutsche Bank reaffirmed a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a report on Friday, November 3rd. Finally, Citigroup cut their price target on shares of XPO Logistics from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, December 26th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $89.50.
XPO Logistics (XPO) traded up $0.19 during midday trading on Friday, hitting $95.01. 1,314,124 shares of the stock were exchanged, compared to its average volume of 1,790,000. XPO Logistics has a twelve month low of $42.07 and a twelve month high of $95.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $11,390.00, a PE ratio of 79.18, a P/E/G ratio of 0.87 and a beta of 2.51.
A number of hedge funds have recently added to or reduced their stakes in XPO. Fuller & Thaler Asset Management Inc. bought a new stake in XPO Logistics during the third quarter valued at $102,000. BNP Paribas Arbitrage SA increased its stake in XPO Logistics by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after purchasing an additional 1,129 shares during the last quarter. Oak Point Wealth Management bought a new stake in XPO Logistics during the fourth quarter valued at $220,000. Commonwealth Equity Services Inc bought a new stake in XPO Logistics during the third quarter valued at $230,000. Finally, Greenwood Capital Associates LLC bought a new stake in XPO Logistics during the third quarter valued at $231,000.
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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.
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