SunTrust Banks Raises XPO Logistics (NYSE:XPO) Price Target to $80.00

XPO Logistics (NYSE:XPO) had its target price upped by analysts at SunTrust Banks to $80.00 in a report issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the transportation company’s stock. SunTrust Banks’ price objective indicates a potential upside of 17.41% from the company’s current price.

A number of other research firms have also recently commented on XPO. Deutsche Bank set a $81.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America reaffirmed a “buy” rating and set a $76.00 price target (up from $70.00) on shares of XPO Logistics in a research note on Friday. TheStreet raised shares of XPO Logistics from a “c+” rating to a “b” rating in a research note on Friday. Cowen lifted their price target on shares of XPO Logistics from $84.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Zacks Investment Research reiterated a “sell” rating on shares of XPO Logistics in a report on Saturday, May 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. XPO Logistics has a consensus rating of “Buy” and a consensus price target of $83.41.

XPO Logistics stock traded up $0.84 during midday trading on Tuesday, reaching $68.14. 1,083,584 shares of the company traded hands, compared to its average volume of 1,318,542. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 0.69 and a beta of 2.39. The company’s 50 day simple moving average is $60.25. XPO Logistics has a 12 month low of $41.05 and a 12 month high of $116.27. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.03 and a quick ratio of 1.03.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share 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 2.16% and a return on equity of 11.92%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Sell-side analysts forecast that XPO Logistics will post 3.51 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of XPO. Marshall Wace North America L.P. grew its holdings in shares of XPO Logistics by 492.8% in the first quarter. Marshall Wace North America L.P. now owns 101,784 shares of the transportation company’s stock valued at $5,470,000 after purchasing an additional 84,615 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in shares of XPO Logistics by 294.4% in the first quarter. Metropolitan Life Insurance Co NY now owns 38,003 shares of the transportation company’s stock valued at $2,042,000 after purchasing an additional 28,368 shares during the period. Palmer Knight Co grew its holdings in shares of XPO Logistics by 62.5% in the first quarter. Palmer Knight Co now owns 76,992 shares of the transportation company’s stock valued at $4,138,000 after purchasing an additional 29,604 shares during the period. Douglas Lane & Associates LLC grew its holdings in shares of XPO Logistics by 3.0% in the first quarter. Douglas Lane & Associates LLC now owns 950,241 shares of the transportation company’s stock valued at $51,066,000 after purchasing an additional 27,508 shares during the period. Finally, Neuburgh Advisers LLC grew its holdings in shares of XPO Logistics by 108.1% in the first quarter. Neuburgh Advisers LLC now owns 16,940 shares of the transportation company’s stock valued at $910,000 after purchasing 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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