XPO Logistics (NYSE:XPO) Now Covered by Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of XPO Logistics (NYSE:XPO) in a research note issued to investors on Wednesday morning, Briefing.com Automated Import reports. The firm issued a neutral rating and a $65.00 price target on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of XPO Logistics from a strong sell rating to a sell rating in a report on Thursday, April 4th. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a hold rating in a report on Monday, July 8th. Oppenheimer raised their price target on shares of XPO Logistics from $65.00 to $73.00 and gave the company an outperform rating in a report on Monday, May 6th. Deutsche Bank raised their price target on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a buy rating in a report on Monday, April 22nd. Finally, Barclays raised their price target on shares of Black Knight from $56.00 to $66.00 and gave the company an overweight rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $82.80.

XPO stock opened at $58.41 on Wednesday. XPO Logistics has a 12-month low of $41.05 and a 12-month high of $116.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.92. The stock has a market cap of $5.02 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 0.53 and a beta of 2.34. The business has a 50 day moving average of $55.03.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results 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 the consensus estimate of $4.25 billion. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. XPO Logistics’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. As a group, analysts expect that XPO Logistics will post 3.51 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Meridian Wealth Management LLC acquired a new stake in XPO Logistics in the 1st quarter worth $34,000. Bronfman E.L. Rothschild L.P. grew its position in XPO Logistics by 20.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after purchasing an additional 176 shares during the last quarter. Cohen & Steers Inc. grew its position in XPO Logistics by 51.8% in the 4th quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock worth $77,000 after purchasing an additional 460 shares during the last quarter. Parallel Advisors LLC grew its position in XPO Logistics by 2,161.3% in the 1st quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock worth $75,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Psagot Investment House Ltd. acquired a new stake in XPO Logistics in the 4th quarter worth $94,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

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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