Bank of America Analysts Give XPO Logistics (XPO) a $103.00 Price Target

Bank of America set a $103.00 target price on XPO Logistics (NYSE:XPO) in a report issued on Wednesday. The brokerage currently has a buy rating on the transportation company’s stock.

Several other equities analysts have also commented on the stock. Macquarie reaffirmed an outperform rating and set a $105.00 price target (up previously from $80.00) on shares of XPO Logistics in a research report on Tuesday. Stifel Nicolaus dropped their price target on shares of XPO Logistics from $120.00 to $80.00 and set a buy rating for the company in a research report on Tuesday. Deutsche Bank reissued a buy rating on shares of XPO Logistics in a research report on Thursday, December 28th. Citigroup dropped their price objective on shares of XPO Logistics from $110.00 to $75.00 and set a buy rating for the company in a research report on Tuesday, December 26th. Finally, CIBC dropped their price objective on shares of XPO Logistics from $77.00 to $75.00 and set an outperform rating for the company in a research report on Monday, November 20th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $81.67.

XPO Logistics (NYSE:XPO) opened at $91.08 on Wednesday. XPO Logistics has a 52-week low of $42.07 and a 52-week high of $93.98. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $10,920.00, a P/E ratio of 75.90, a P/E/G ratio of 0.88 and a beta of 2.51.

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

Institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new position in shares of XPO Logistics in the second quarter valued at $1,147,000. K.J. Harrison & Partners Inc purchased a new position in shares of XPO Logistics in the third quarter valued at $847,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of XPO Logistics in the third quarter valued at $102,000. Advisors Asset Management Inc. boosted its stake in shares of XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 466 shares during the period. Finally, Argent Trust Co purchased a new position in shares of XPO Logistics in the second quarter valued at $205,000.

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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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