XPO Logistics (XPO) Receives “Outperform” Rating from Cowen

XPO Logistics (NYSE:XPO)‘s stock had its “outperform” rating reissued by analysts at Cowen in a research note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $84.00 price objective on the transportation company’s stock, up from their prior price objective of $80.00. Cowen’s price target indicates a potential upside of 30.33% from the company’s current price.

The analysts wrote, “We rate the shares of Cigna Corp. (CI) Overweight. Our 12-month DCF-based price target is $245. The company has a successful ASO franchise and growing government- sponsored segment. We view the merger with ESRX favorably as the combined company could generate significant synergies and free cash flow. We believe investors have underappreciated the potential acquisition. We continue to believe that CI’s risk/ reward tradeoff is highly compelling. $245 price target is supported by our DCF analysis.””

Several other research analysts have also recently commented on XPO. ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Deutsche Bank set a $81.00 target price on XPO Logistics and gave the stock a “buy” rating in a research report on Monday, April 22nd. Credit Suisse Group reduced their target price on XPO Logistics from $92.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, February 19th. Oppenheimer reduced their target price on XPO Logistics from $98.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, February 19th. Finally, SunTrust Banks reduced their target price on XPO Logistics from $83.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $89.47.

Shares of XPO Logistics stock opened at $64.45 on Thursday. The firm has a market capitalization of $5.94 billion, a PE ratio of 20.20, a P/E/G ratio of 1.03 and a beta of 2.28. 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 1 year low of $41.05 and a 1 year high of $116.27.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Ipswich Investment Management Co. Inc. bought a new position in shares of XPO Logistics during the fourth quarter valued at $36,000. Penserra Capital Management LLC bought a new position in shares of XPO Logistics during the fourth quarter valued at $39,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of XPO Logistics by 20.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 176 shares during the period. Paradigm Asset Management Co. LLC lifted its holdings in shares of XPO Logistics by 83.3% during the third quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 250 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of XPO Logistics by 2,161.3% during the first quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 1,340 shares during the period. 88.25% of the stock is owned by institutional investors.

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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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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