Vetr Upgrades XPO Logistics (XPO) to “Strong-Buy”

XPO Logistics (NYSE:XPO) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday. The firm currently has a $98.77 target price on the transportation company’s stock. Vetr‘s price target points to a potential upside of 14.84% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Bank of America dropped their target price on shares of XPO Logistics from $103.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Investment Research lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. KeyCorp restated a “buy” rating and set a $110.00 target price on shares of XPO Logistics in a research report on Friday, January 12th. Credit Suisse Group restated an “outperform” rating and set a $106.00 target price (up previously from $79.00) on shares of XPO Logistics in a research report on Thursday, January 11th. Finally, Oppenheimer restated a “buy” rating and set a $104.00 target price on shares of XPO Logistics in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $93.57.

Shares of XPO Logistics (NYSE XPO) opened at $86.01 on Thursday. 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 stock has a market cap of $10,310.00, a price-to-earnings ratio of 35.69, a PEG ratio of 0.78 and a beta of 2.55. XPO Logistics has a 52 week low of $44.51 and a 52 week high of $98.37.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a net margin of 2.11% and a return on equity of 7.66%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. research analysts anticipate that XPO Logistics will post 3.1 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisors Capital Management LLC lifted its position in XPO Logistics by 1.4% during the fourth quarter. Advisors Capital Management LLC now owns 43,090 shares of the transportation company’s stock valued at $3,947,000 after purchasing an additional 587 shares during the last quarter. State of Wisconsin Investment Board lifted its position in XPO Logistics by 2.5% during the fourth quarter. State of Wisconsin Investment Board now owns 24,335 shares of the transportation company’s stock valued at $2,229,000 after purchasing an additional 598 shares during the last quarter. Sit Investment Associates Inc. lifted its position in XPO Logistics by 2.7% during the fourth quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock valued at $2,336,000 after purchasing an additional 676 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in XPO Logistics by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 24,359 shares of the transportation company’s stock valued at $2,231,000 after purchasing an additional 818 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in XPO Logistics by 1.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 53,108 shares of the transportation company’s stock valued at $4,865,000 after purchasing an additional 858 shares during the last quarter.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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