XPO Logistics (NYSE:XPO) Rating Reiterated by Cowen

XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating restated by equities research analysts at Cowen in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. They presently have a $84.00 price target on the transportation company’s stock. Cowen’s target price points to a potential upside of 29.53% from the stock’s current price.

Other analysts have also recently issued reports about the company. Barclays upped their price target on XPO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Morgan Stanley set a $68.00 price target on XPO Logistics and gave the company a “hold” rating in a research note on Monday, July 8th. Zacks Investment Research reaffirmed a “sell” rating on shares of XPO Logistics in a research note on Saturday, May 11th. Deutsche Bank set a $81.00 price target on XPO Logistics and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $82.80.

Shares of NYSE:XPO traded down $2.63 on Thursday, hitting $64.85. The stock had a trading volume of 1,670,892 shares, compared to its average volume of 2,301,440. The company has a 50 day moving average of $59.16. The company has a market cap of $5.95 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 0.64 and a beta of 2.34. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.92. XPO Logistics has a twelve month low of $41.05 and a twelve month high of $116.27.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.24. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.37 billion. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, sell-side analysts forecast that XPO Logistics will post 3.51 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of XPO. Marshall Wace North America L.P. increased its position in XPO Logistics by 492.8% during the 1st quarter. Marshall Wace North America L.P. now owns 101,784 shares of the transportation company’s stock worth $5,470,000 after buying an additional 84,615 shares during the period. Metropolitan Life Insurance Co NY increased its position in XPO Logistics by 294.4% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 38,003 shares of the transportation company’s stock worth $2,042,000 after buying an additional 28,368 shares during the period. Palmer Knight Co increased its position in XPO Logistics by 62.5% during the 1st quarter. Palmer Knight Co now owns 76,992 shares of the transportation company’s stock worth $4,138,000 after buying an additional 29,604 shares during the period. Douglas Lane & Associates LLC increased its position in XPO Logistics by 3.0% during the 1st quarter. Douglas Lane & Associates LLC now owns 950,241 shares of the transportation company’s stock worth $51,066,000 after buying an additional 27,508 shares during the period. Finally, Neuburgh Advisers LLC increased its position in XPO Logistics by 108.1% during the 1st quarter. Neuburgh Advisers LLC now owns 16,940 shares of the transportation company’s stock worth $910,000 after buying an additional 8,800 shares during the period. 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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