Shares of XPO Logistics Inc (NYSE:XPO) have received an average recommendation of “Buy” from the twenty research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $83.71.
A number of analysts have recently commented on the stock. Raymond James reissued an “outperform” rating and issued a $78.00 price objective (up previously from $68.00) on shares of XPO Logistics in a research report on Monday, August 5th. SunTrust Banks boosted their price objective on shares of XPO Logistics to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. ValuEngine raised shares of XPO Logistics from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Goldman Sachs Group assumed coverage on shares of XPO Logistics in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Oppenheimer boosted their price objective on shares of XPO Logistics from $79.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th.
Shares of XPO stock opened at $78.20 on Thursday. The company’s fifty day simple moving average is $72.75 and its 200-day simple moving average is $64.26. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.35. The firm has a market cap of $7.14 billion, a PE ratio of 24.51, a P/E/G ratio of 0.65 and a beta of 2.48. XPO Logistics has a 12 month low of $41.05 and a 12 month high of $91.81.
In other news, Director Jason D. Papastavrou purchased 1,375 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $75.42 per share, with a total value of $103,702.50. Following the completion of the transaction, the director now owns 13,875 shares of the company’s stock, valued at approximately $1,046,452.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 18.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc raised its position in XPO Logistics by 27.9% during the third quarter. NEXT Financial Group Inc now owns 995 shares of the transportation company’s stock worth $71,000 after acquiring an additional 217 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of XPO Logistics in the second quarter valued at about $74,000. AdvisorNet Financial Inc raised its position in shares of XPO Logistics by 54.9% in the second quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 514 shares during the period. Meridian Wealth Management LLC raised its position in shares of XPO Logistics by 160.0% in the second quarter. Meridian Wealth Management LLC now owns 1,625 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 1,000 shares during the period. Finally, MUFG Americas Holdings Corp bought a new position in shares of XPO Logistics in the second quarter valued at about $98,000.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
Featured Story: Cost of Debt
Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.