Shares of XPO Logistics Inc (NYSE:XPO) have been assigned a consensus recommendation of “Buy” from the twenty research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $113.88.
Several brokerages have weighed in on XPO. Stifel Nicolaus upped their target price on XPO Logistics from $118.00 to $126.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Bank of America lowered their target price on XPO Logistics from $117.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. R. F. Lafferty began coverage on XPO Logistics in a report on Tuesday, July 10th. They issued a “buy” rating and a $125.00 target price for the company. Jefferies Financial Group began coverage on XPO Logistics in a report on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 target price for the company. Finally, Deutsche Bank reiterated a “buy” rating and issued a $142.00 target price (up from $133.00) on shares of XPO Logistics in a report on Thursday, August 2nd.
XPO traded down $3.66 during trading hours on Friday, reaching $99.93. 57,966 shares of the company’s stock traded hands, compared to its average volume of 1,417,286. XPO Logistics has a 52-week low of $63.28 and a 52-week high of $116.27. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.07. The stock has a market cap of $14.48 billion, a P/E ratio of 52.31, a PEG ratio of 0.85 and a beta of 2.32.
A number of large investors have recently made changes to their positions in the stock. Gables Capital Management Inc. purchased a new position in shares of XPO Logistics during the first quarter worth $102,000. Signet Financial Management LLC purchased a new stake in XPO Logistics during the 2nd quarter worth about $127,000. NEXT Financial Group Inc purchased a new stake in XPO Logistics during the 3rd quarter worth about $129,000. Summit Trail Advisors LLC lifted its holdings in XPO Logistics by 22,168.7% during the 1st quarter. Summit Trail Advisors LLC now owns 186,166 shares of the transportation company’s stock worth $186,000 after buying an additional 185,330 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in XPO Logistics during the 3rd quarter worth about $190,000. 92.92% of the stock is currently owned by institutional investors.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.
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