XPO Logistics, Inc. (XPO) PT Lowered to $75.00

XPO Logistics, Inc. (NYSE:XPO) had its price objective lowered by CIBC from $77.00 to $75.00 in a research note issued on Monday. The brokerage currently has an “outperform” rating on the transportation company’s stock. CIBC’s target price would indicate a potential downside of 2.90% from the stock’s current price.

XPO has been the subject of several other reports. J P Morgan Chase & Co lifted their target price on shares of XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) started coverage on shares of XPO Logistics in a research report on Monday, November 13th. They set a “buy” rating and a $90.00 target price for the company. BidaskClub lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp reiterated a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, Cowen and Company lifted their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. XPO Logistics has an average rating of “Buy” and a consensus price target of $76.28.

XPO Logistics (XPO) opened at $77.24 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. XPO Logistics has a 1 year low of $42.05 and a 1 year high of $77.49. The company has a market cap of $8,950.00, a P/E ratio of 43.16, a PEG ratio of 1.08 and a beta of 2.47.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business earned $0.41 earnings per share. XPO Logistics’s revenue was up 4.7% compared to the same quarter last year. analysts predict that XPO Logistics will post 1.92 EPS for the current fiscal year.

WARNING: This story was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://sportsperspectives.com/2017/11/22/xpo-logistics-inc-xpo-pt-lowered-to-75-00.html.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake 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 buying an additional 718,511 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of XPO Logistics by 5.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,115,541 shares of the transportation company’s stock worth $211,152,000 after buying an additional 164,588 shares during the period. American Century Companies Inc. increased its stake in shares of XPO Logistics by 94.6% in the third quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after buying an additional 1,492,525 shares during the period. FMR LLC increased its stake 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 buying an additional 1,223,543 shares during the period. Finally, Victory Capital Management Inc. increased its stake 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 buying an additional 603,866 shares during the period. 94.57% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply