XPO Logistics (XPO) Price Target Raised to $105.00 at Macquarie

XPO Logistics (NYSE:XPO) had its price target increased by research analysts at Macquarie from $80.00 to $105.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Macquarie’s target price indicates a potential upside of 17.94% from the company’s current price.

XPO has been the subject of several other reports. JPMorgan Chase & Co. boosted their price target on XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a research note on Friday, December 22nd. Goldman Sachs Group started coverage on XPO Logistics in a research note on Monday, November 13th. They issued a “buy” rating and a $90.00 price target for the company. KeyCorp reiterated a “buy” rating and issued a $75.00 price target on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, Cowen boosted 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. Three investment 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. The company currently has a consensus rating of “Buy” and a consensus target price of $79.94.

XPO Logistics (NYSE XPO) opened at $89.03 on Wednesday. XPO Logistics has a 12-month low of $42.07 and a 12-month high of $90.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $10,560.00, a P/E ratio of 74.19, a PEG ratio of 1.30 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts expect that XPO Logistics will post 1.92 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Advisors Asset Management Inc. lifted its stake in XPO Logistics by 18.4% during the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after purchasing an additional 466 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in XPO Logistics during the second quarter worth $1,423,000. Legal & General Group Plc lifted its stake in XPO Logistics by 14.3% during the second quarter. Legal & General Group Plc now owns 44,997 shares of the transportation company’s stock worth $2,909,000 after purchasing an additional 5,623 shares during the last quarter. Comerica Bank bought a new stake in XPO Logistics during the second quarter worth $269,000. Finally, BNP Paribas Arbitrage SA lifted 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 worth $219,000 after purchasing an additional 1,129 shares during the last quarter.

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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.

The Fly

Analyst Recommendations for XPO Logistics (NYSE:XPO)