XPO Logistics (XPO) Stock Rating Reaffirmed by Cowen
Cowen reissued their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research report report published on Friday morning, Marketbeat.com reports. Cowen currently has a $100.00 target price on the transportation company’s stock, up from their prior target price of $85.00.
Other equities analysts have also issued reports about the stock. KeyCorp reiterated a buy rating and set a $75.00 target price on shares of XPO Logistics in a report on Thursday, October 12th. Oppenheimer reiterated a buy rating and set a $75.00 target price on shares of XPO Logistics in a report on Thursday, October 12th. Goldman Sachs Group started coverage on shares of XPO Logistics in a report on Monday, November 13th. They set a buy rating and a $90.00 target price for the company. Stifel Nicolaus lifted their target price on shares of XPO Logistics from $77.00 to $80.00 and gave the company a buy rating in a report on Monday, November 6th. Finally, Deutsche Bank reiterated a buy rating and set a $110.00 target price on shares of XPO Logistics in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. XPO Logistics currently has a consensus rating of Buy and an average price target of $93.57.
XPO Logistics (NYSE XPO) opened at $86.01 on Friday. XPO Logistics has a 1-year low of $44.51 and a 1-year high of $98.37. The stock has a market cap of $10,310.00, a P/E ratio of 35.69, a PEG ratio of 0.74 and a beta of 2.55. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.
A number of hedge funds and other institutional investors have recently made changes to their positions in XPO. Stifel Financial Corp raised its holdings in XPO Logistics by 55.1% in the 2nd quarter. Stifel Financial Corp now owns 44,250 shares of the transportation company’s stock worth $2,843,000 after acquiring an additional 15,720 shares during the last quarter. Caxton Associates LP bought a new stake in XPO Logistics in the 2nd quarter worth approximately $317,000. Raymond James Financial Services Advisors Inc. bought a new stake in XPO Logistics in the 2nd quarter worth approximately $682,000. California State Teachers Retirement System grew its position in XPO Logistics by 2.9% in the 2nd quarter. California State Teachers Retirement System now owns 198,620 shares of the transportation company’s stock worth $12,837,000 after purchasing an additional 5,505 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in XPO Logistics in the 2nd quarter worth approximately $3,214,000.
XPO Logistics Company Profile
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.
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.