XPO Logistics (XPO) Price Target Cut to $75.00 by Analysts at Citigroup

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.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. XPO Logistics’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. equities research analysts expect that XPO Logistics will post 1.92 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/26/xpo-logistics-xpo-price-target-increased-to-110-00-by-analysts-at-citigroup.html.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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.

Latest News

Leave a Reply