XPO Logistics (NYSE:XPO) has been given a $81.00 price objective by equities research analysts at Deutsche Bank in a note issued to investors on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Deutsche Bank’s target price would suggest a potential upside of 22.01% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. SunTrust Banks dropped their price target on shares of XPO Logistics from $83.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, February 19th. Loop Capital restated a “buy” rating and set a $72.00 target price on shares of XPO Logistics in a research note on Tuesday, February 19th. They noted that the move was a valuation call. TheStreet cut shares of XPO Logistics from a “b-” rating to a “c+” rating in a research note on Tuesday, March 5th. Morgan Stanley restated an “equal weight” rating and set a $71.00 target price (down previously from $116.00) on shares of XPO Logistics in a research note on Friday, February 15th. Finally, Bank of America lowered their target price on shares of XPO Logistics from $76.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $91.20.
Shares of XPO Logistics stock traded up $0.36 on Monday, hitting $66.39. 44,734 shares of the company’s stock were exchanged, compared to its average volume of 2,052,134. The stock has a market capitalization of $7.15 billion, a PE ratio of 20.80, a P/E/G ratio of 1.00 and a beta of 2.20. XPO Logistics has a 1 year low of $41.05 and a 1 year high of $116.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.
Several institutional investors and hedge funds have recently added to or reduced their stakes in XPO. Spruce House Investment Management LLC increased its holdings in XPO Logistics by 64.5% in the 4th quarter. Spruce House Investment Management LLC now owns 12,750,000 shares of the transportation company’s stock valued at $727,260,000 after acquiring an additional 5,000,000 shares during the last quarter. Norges Bank bought a new stake in shares of XPO Logistics in the 4th quarter worth about $63,017,000. MFN Partners Management LP bought a new stake in shares of XPO Logistics in the 4th quarter worth about $47,409,000. Epoch Investment Partners Inc. increased its holdings in shares of XPO Logistics by 90.7% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,572,526 shares of the transportation company’s stock worth $89,697,000 after buying an additional 747,926 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of XPO Logistics by 7.0% in the 3rd quarter. Vanguard Group Inc now owns 10,997,991 shares of the transportation company’s stock worth $1,255,640,000 after buying an additional 721,707 shares during the last quarter.
About XPO Logistics
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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