Research analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of XPO Logistics, Inc. (NYSE:XPO) in a note issued to investors on Monday. The brokerage set a “buy” rating and a $90.00 price target on the transportation company’s stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 22.92% from the company’s current price.
A number of other analysts also recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of XPO Logistics to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $77.00 price target (up previously from $75.00) on shares of XPO Logistics in a report on Monday, November 6th. 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 AG reaffirmed a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a report on Friday, November 3rd. Finally, Credit Suisse Group upped their price target on shares of XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a report 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 company. The company currently has an average rating of “Buy” and a consensus target price of $75.17.
Shares of XPO Logistics (XPO) opened at $73.22 on Monday. The company has a market cap of $8,688.24, a PE ratio of 41.90, a P/E/G ratio of 1.04 and a beta of 2.47. XPO Logistics has a fifty-two week low of $40.87 and a fifty-two week high of $74.87. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. analysts forecast that XPO Logistics will post 1.92 EPS for the current year.
A number of hedge funds have recently modified their holdings of XPO. American Century Companies Inc. increased its position 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 purchasing an additional 1,492,525 shares during the last quarter. FMR LLC increased its position in shares of XPO Logistics by 73.3% in the second quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after acquiring an additional 1,223,543 shares in the last quarter. Vanguard Group Inc. increased its position in shares of XPO Logistics by 8.5% in the second quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after acquiring an additional 718,511 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of XPO Logistics by 37.7% in the third quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after acquiring an additional 603,866 shares in the last quarter. Finally, Castleark Management LLC acquired a new stake in shares of XPO Logistics in the second quarter worth $30,551,000. 91.57% of the stock is owned by hedge funds and other institutional investors.
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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