Morgan Stanley Increases XPO Logistics, Inc. (NYSE:XPO) Price Target to $75.00

XPO Logistics, Inc. (NYSE:XPO) had its price objective hoisted by analysts at Morgan Stanley from $60.00 to $75.00 in a report issued on Monday, July 17th. The brokerage presently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 34.82% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Oppenheimer Holdings, Inc. increased their price target on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 price target (up from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. KeyCorp increased their price target on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. Finally, Bank of America Corporation assumed coverage on shares of XPO Logistics in a research note on Wednesday, June 28th. They issued a “buy” rating and a $72.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. XPO Logistics currently has an average rating of “Buy” and a consensus price target of $66.73.

Shares of XPO Logistics (NYSE:XPO) opened at 55.63 on Monday. XPO Logistics has a 52-week low of $31.68 and a 52-week high of $65.44. The company has a market capitalization of $6.55 billion, a P/E ratio of 63.72 and a beta of 2.31. The stock’s 50 day moving average is $60.94 and its 200 day moving average is $53.43.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. XPO Logistics’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. Equities analysts expect that XPO Logistics will post $1.92 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares in the last quarter. Bank of Montreal Can raised its stake in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock worth $165,000 after buying an additional 286 shares in the last quarter. Finally, FTB Advisors Inc. bought a new stake in shares of XPO Logistics during the first quarter worth approximately $196,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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