Morgan Stanley Boosts XPO Logistics (XPO) Price Target to $125.00

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.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. XPO Logistics had a return on equity of 7.66% and a net margin of 2.11%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the business posted $0.24 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. equities research analysts predict that XPO Logistics will post 3.13 EPS for the current fiscal year.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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