XPO Logistics’ (NYSE:XPO) “Outperform” Rating Reaffirmed at Cowen

Cowen reaffirmed their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research report released on Monday, April 8th, AnalystRatings.com reports. The firm currently has a $80.00 target price on the transportation company’s stock, up from their prior target price of $79.00.

XPO has been the topic of several other reports. Bank of America reaffirmed a buy rating and set a $84.00 target price (down from $103.00) on shares of XPO Logistics in a report on Thursday, December 13th. Barclays dropped their target price on XPO Logistics from $130.00 to $100.00 and set an overweight rating on the stock in a report on Monday, December 17th. Credit Suisse Group dropped their target price on XPO Logistics from $119.00 to $92.00 and set an outperform rating on the stock in a report on Thursday, December 13th. Oppenheimer dropped their target price on XPO Logistics from $98.00 to $62.00 and set an outperform rating on the stock in a report on Tuesday, February 19th. Finally, ValuEngine lowered XPO Logistics from a sell rating to a strong sell rating in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. XPO Logistics presently has a consensus rating of Buy and a consensus target price of $89.47.

XPO Logistics stock traded up $0.35 during midday trading on Monday, reaching $64.45. The company’s stock had a trading volume of 5,811,596 shares, compared to its average volume of 3,055,059. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. XPO Logistics has a 52-week low of $41.05 and a 52-week high of $116.27. The stock has a market cap of $5.94 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.03 and a beta of 2.28.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.25 billion. XPO Logistics had a return on equity of 10.83% and a net margin of 2.44%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. As a group, sell-side analysts predict that XPO Logistics will post 3.39 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV lifted its position in shares of XPO Logistics by 4.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 10,890 shares of the transportation company’s stock valued at $585,000 after acquiring an additional 462 shares in the last quarter. Stevens Capital Management LP lifted its position in shares of XPO Logistics by 334.1% in the first quarter. Stevens Capital Management LP now owns 19,839 shares of the transportation company’s stock valued at $1,066,000 after acquiring an additional 15,269 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of XPO Logistics in the first quarter valued at approximately $545,000. Texas Permanent School Fund purchased a new position in shares of XPO Logistics in the first quarter valued at approximately $3,984,000. Finally, Comerica Bank lifted its position in shares of XPO Logistics by 1,387.4% in the first quarter. Comerica Bank now owns 70,371 shares of the transportation company’s stock valued at $4,306,000 after acquiring an additional 65,640 shares in the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

XPO Logistics Company Profile

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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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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