XPO Logistics (NYSE:XPO) Price Target Raised to $95.00 at Stephens

XPO Logistics (NYSE:XPO) had its price objective boosted by Stephens from $85.00 to $95.00 in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have an equal weight rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on XPO. Zacks Investment Research cut shares of XPO Logistics from a buy rating to a hold rating in a research note on Saturday, January 11th. Bank of America cut shares of XPO Logistics from a buy rating to a neutral rating and lifted their price target for the stock from $76.00 to $87.00 in a research note on Wednesday, October 30th. Citigroup lifted their price target on shares of XPO Logistics from $100.00 to $110.00 and gave the stock a buy rating in a research note on Tuesday. They noted that the move was a valuation call. SunTrust Banks lifted their price target on shares of XPO Logistics from $95.00 to $107.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Raymond James reiterated an outperform rating and set a $108.00 price target (up previously from $105.00) on shares of XPO Logistics in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $94.75.

NYSE:XPO traded up $0.69 during trading hours on Thursday, reaching $95.20. The company had a trading volume of 1,139,536 shares, compared to its average volume of 1,133,819. The firm’s 50 day moving average price is $87.15 and its 200-day moving average price is $78.34. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 0.66 and a beta of 2.45. XPO Logistics has a 52 week low of $45.73 and a 52 week high of $96.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.32.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Monday, February 10th. The transportation company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.11. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.23 billion. XPO Logistics had a net margin of 2.44% and a return on equity of 15.90%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. On average, analysts forecast that XPO Logistics will post 4.63 earnings per share for the current fiscal year.

In related news, major shareholder Spruce House Partnership Lp sold 150,000 shares of XPO Logistics stock in a transaction on Monday, November 18th. The shares were sold at an average price of $83.82, for a total transaction of $12,573,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inlet Private Wealth LLC bought a new stake in XPO Logistics during the 3rd quarter worth approximately $3,394,000. NEXT Financial Group Inc increased its holdings in XPO Logistics by 27.9% during the 3rd quarter. NEXT Financial Group Inc now owns 995 shares of the transportation company’s stock worth $71,000 after purchasing an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in XPO Logistics by 198.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,123 shares of the transportation company’s stock worth $4,589,000 after purchasing an additional 42,632 shares in the last quarter. Brinker Capital Inc. increased its holdings in XPO Logistics by 36.7% during the 3rd quarter. Brinker Capital Inc. now owns 12,928 shares of the transportation company’s stock worth $925,000 after purchasing an additional 3,468 shares in the last quarter. Finally, World Asset Management Inc increased its holdings in XPO Logistics by 5.0% during the 3rd quarter. World Asset Management Inc now owns 6,137 shares of the transportation company’s stock worth $439,000 after purchasing an additional 294 shares in the last quarter.

About XPO Logistics

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.

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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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