XPO Logistics (NYSE:XPO) Given New $92.00 Price Target at Cowen

XPO Logistics (NYSE:XPO) had its price objective increased by Cowen from $84.00 to $92.00 in a research report sent to investors on Friday, Briefing.com Automated Import reports. Cowen currently has an outperform rating on the transportation company’s stock.

A number of other brokerages also recently weighed in on XPO. Goldman Sachs Group assumed coverage on shares of XPO Logistics in a research note on Wednesday, July 10th. They set a neutral rating and a $65.00 target price for the company. Bank of America reaffirmed a buy rating and issued a $76.00 price target (up from $70.00) on shares of XPO Logistics in a research note on Friday. Oppenheimer lifted their price target on shares of XPO Logistics from $65.00 to $73.00 and gave the company an outperform rating in a research note on Monday, May 6th. Deutsche Bank set a $81.00 price target on shares of XPO Logistics and gave the company a buy rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research reaffirmed a sell rating on shares of XPO Logistics in a research note on Saturday, May 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. XPO Logistics presently has a consensus rating of Buy and a consensus target price of $82.53.

Shares of NYSE XPO opened at $67.30 on Friday. XPO Logistics has a twelve month low of $41.05 and a twelve month high of $116.27. The business’s fifty day moving average price is $60.25. The company has a market capitalization of $6.62 billion, a P/E ratio of 21.10, a PEG ratio of 0.69 and a beta of 2.39. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.07 and a quick ratio of 1.07.

XPO Logistics (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.24. XPO Logistics had a net margin of 2.16% and a return on equity of 11.22%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the firm earned $0.98 earnings per share. XPO Logistics’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, analysts anticipate that XPO Logistics will post 3.51 earnings per share for the current year.

Several large investors have recently bought and sold shares of XPO. Teacher Retirement System of Texas purchased a new position in XPO Logistics in the second quarter valued at about $3,388,000. Parallel Advisors LLC boosted its stake in XPO Logistics by 30.8% in the second quarter. Parallel Advisors LLC now owns 1,834 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 432 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in XPO Logistics in the second quarter valued at about $233,000. Parkside Investments LLC boosted its stake in XPO Logistics by 4.2% in the second quarter. Parkside Investments LLC now owns 58,633 shares of the transportation company’s stock valued at $3,390,000 after acquiring an additional 2,380 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in XPO Logistics by 42.8% in the second quarter. Rice Hall James & Associates LLC now owns 530,167 shares of the transportation company’s stock valued at $30,649,000 after acquiring an additional 158,871 shares during the last quarter. 88.25% of the stock is owned by institutional investors.

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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