XPO Logistics (NYSE:XPO) had its price target reduced by research analysts at KeyCorp from $115.00 to $110.00 in a research report issued on Friday, November 2nd. The brokerage presently has an “overweight” rating on the transportation company’s stock. KeyCorp’s price target points to a potential upside of 35.75% from the company’s previous close.
Other analysts have also issued research reports about the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $142.00 price objective (up previously from $133.00) on shares of XPO Logistics in a research report on Thursday, August 2nd. Stifel Nicolaus lifted their price objective on shares of XPO Logistics from $118.00 to $126.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Bank of America lowered their price objective on shares of XPO Logistics from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, August 2nd. Jefferies Financial Group began coverage on shares of XPO Logistics in a research report on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price objective on the stock. Finally, R. F. Lafferty began coverage on shares of XPO Logistics in a research report on Tuesday, July 10th. They issued a “buy” rating and a $125.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. XPO Logistics presently has an average rating of “Buy” and an average price target of $113.73.
Shares of XPO traded down $2.09 during trading hours on Friday, reaching $81.03. 2,222,684 shares of the stock traded hands, compared to its average volume of 2,034,874. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.26. XPO Logistics has a 52 week low of $71.06 and a 52 week high of $116.27. The firm has a market capitalization of $11.17 billion, a P/E ratio of 41.55, a PEG ratio of 0.70 and a beta of 2.56.
Several hedge funds and other institutional investors have recently bought and sold shares of XPO. Principal Financial Group Inc. grew its stake in XPO Logistics by 10.8% during the first quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock valued at $1,484,000 after acquiring an additional 1,424 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in XPO Logistics by 17.3% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,470 shares of the transportation company’s stock valued at $455,000 after acquiring an additional 658 shares in the last quarter. Brown Advisory Inc. grew its stake in XPO Logistics by 213.4% during the first quarter. Brown Advisory Inc. now owns 9,524 shares of the transportation company’s stock valued at $969,000 after acquiring an additional 6,485 shares in the last quarter. Gulf International Bank UK Ltd purchased a new position in XPO Logistics during the second quarter valued at approximately $3,809,000. Finally, DnB Asset Management AS purchased a new position in XPO Logistics during the second quarter valued at approximately $1,172,000. 92.22% 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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