XPO Logistics (NYSE:XPO) had its price target boosted by equities researchers at Morgan Stanley from $85.00 to $125.00 in a report released on Monday. Morgan Stanley’s price target indicates a potential upside of 38.58% from the company’s previous close.
A number of other equities research analysts have also recently commented on XPO. Cowen increased their price target on XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, November 3rd. Credit Suisse Group increased their price target on XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Deutsche Bank reiterated a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a research note on Friday, November 3rd. Stifel Nicolaus increased their price target on XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Oppenheimer reiterated a “buy” rating and issued a $77.00 price target (up from $75.00) on shares of XPO Logistics in a research note on Monday, November 6th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. XPO Logistics currently has an average rating of “Buy” and an average price target of $96.20.
XPO Logistics (NYSE XPO) traded up $4.19 during trading on Monday, reaching $90.20. The company’s stock had a trading volume of 3,445,732 shares, compared to its average volume of 1,500,000. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. XPO Logistics has a 52 week low of $44.51 and a 52 week high of $98.37. The stock has a market capitalization of $10,810.00, a PE ratio of 37.43, a PEG ratio of 0.94 and a beta of 2.55.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of XPO Logistics by 0.3% in the fourth quarter. BlackRock Inc. now owns 4,593,039 shares of the transportation company’s stock valued at $420,678,000 after purchasing an additional 12,333 shares during the period. Dimensional Fund Advisors LP grew its holdings in XPO Logistics by 5.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,115,541 shares of the transportation company’s stock worth $211,152,000 after acquiring an additional 164,588 shares during the period. American Century Companies Inc. grew its holdings in XPO Logistics by 94.6% during the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after acquiring an additional 1,492,525 shares during the period. Victory Capital Management Inc. grew its holdings in XPO Logistics by 14.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,534,323 shares of the transportation company’s stock worth $232,119,000 after acquiring an additional 328,888 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in XPO Logistics by 2.3% during the fourth quarter. OppenheimerFunds Inc. now owns 1,792,223 shares of the transportation company’s stock worth $164,150,000 after acquiring an additional 40,477 shares during the period.
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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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