Stephens Analysts Give XPO Logistics (XPO) a $95.00 Price Target
A number of other brokerages have also recently weighed in on XPO. Deutsche Bank reaffirmed a buy rating on shares of XPO Logistics in a research note on Thursday, December 28th. Bank of America set a $103.00 price objective on XPO Logistics and gave the company a buy rating in a research note on Wednesday, January 3rd. Oppenheimer reissued a buy rating and set a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Zacks Investment Research cut XPO Logistics from a buy rating to a hold rating in a research note on Saturday, January 13th. Finally, Vetr raised XPO Logistics from a buy rating to a strong-buy rating and set a $98.77 target price for the company in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. XPO Logistics presently has a consensus rating of Buy and an average price target of $96.20.
Shares of XPO Logistics (XPO) opened at $90.20 on Friday. XPO Logistics has a one year low of $44.51 and a one year high of $98.37. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $10,810.00, a price-to-earnings ratio of 37.43, a PEG ratio of 0.94 and a beta of 2.55.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in XPO Logistics during the 3rd quarter worth about $102,000. Benjamin F. Edwards & Company Inc. purchased a new stake in XPO Logistics during the 4th quarter worth about $172,000. Oak Point Wealth Management purchased a new stake in XPO Logistics during the 4th quarter worth about $220,000. Pillar Pacific Capital Management LLC purchased a new stake in XPO Logistics during the 4th quarter worth about $224,000. Finally, Commonwealth Equity Services Inc purchased a new stake in XPO Logistics during the 3rd quarter worth about $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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