XPO Logistics (NYSE:XPO) had its target price dropped by Citigroup from $110.00 to $75.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price suggests a potential downside of 18.11% from the stock’s current price.
A number of other research firms have also weighed in on XPO. Barclays upped their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Oppenheimer reaffirmed a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a report on Thursday, October 12th. Deutsche Bank reaffirmed a “buy” rating and set a $110.00 target price on shares of XPO Logistics in a report on Friday, November 3rd. Cowen upped their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $79.94.
XPO Logistics (NYSE XPO) traded up $0.22 during midday trading on Tuesday, hitting $91.59. 1,293,800 shares of the stock traded hands, compared to its average volume of 1,548,729. XPO Logistics has a one year low of $42.07 and a one year high of $93.63. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $10,950.00, a price-to-earnings ratio of 76.33, a P/E/G ratio of 1.32 and a beta of 2.51.
Large investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics in the 3rd quarter worth $102,000. Advisors Asset Management Inc. increased its holdings in shares of XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares during the last quarter. Argent Trust Co bought a new position in shares of XPO Logistics in the 2nd quarter worth $205,000. BNP Paribas Arbitrage SA increased its holdings in shares of XPO Logistics by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after buying an additional 1,129 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new position in shares of XPO Logistics in the 3rd quarter worth $230,000.
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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.
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