XPO Logistics (NYSE:XPO) Given Outperform Rating at Raymond James

Raymond James reaffirmed their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research report released on Monday, BenzingaRatingsTable reports. The firm currently has a $78.00 target price on the transportation company’s stock, up from their prior target price of $68.00.

A number of other equities research analysts have also recently issued reports on the stock. Cowen upped their price objective on shares of XPO Logistics from $84.00 to $92.00 and gave the stock an outperform rating in a report on Friday. Loop Capital cut shares of XPO Logistics from a buy rating to a hold rating and upped their price objective for the stock from $65.00 to $70.00 in a report on Monday. Deutsche Bank set a $81.00 price objective on shares of XPO Logistics and gave the stock a buy rating in a report on Monday, April 22nd. Bank of America reiterated a buy rating and issued a $76.00 price objective (up from $70.00) on shares of XPO Logistics in a report on Friday. Finally, Zacks Investment Research reiterated a sell rating on shares of XPO Logistics in a report on Saturday, May 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. XPO Logistics currently has an average rating of Buy and a consensus target price of $82.53.

Shares of NYSE:XPO opened at $68.49 on Monday. The company has a market capitalization of $6.62 billion, a PE ratio of 21.47, a PEG ratio of 0.69 and a beta of 2.39. XPO Logistics has a 1 year low of $41.05 and a 1 year high of $116.27. The stock has a fifty day simple moving average of $60.25. 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 issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.24. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.37 billion. XPO Logistics had a net margin of 2.16% and a return on equity of 11.92%. XPO Logistics’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. On average, equities analysts anticipate that XPO Logistics will post 3.51 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in XPO. BlackRock Inc. boosted its holdings in XPO Logistics by 76.8% during the first quarter. BlackRock Inc. now owns 11,095,856 shares of the transportation company’s stock valued at $596,290,000 after acquiring an additional 4,818,377 shares during the period. Norges Bank bought a new stake in XPO Logistics during the fourth quarter valued at about $63,017,000. Bank of Montreal Can boosted its holdings in XPO Logistics by 3,023.1% during the first quarter. Bank of Montreal Can now owns 497,603 shares of the transportation company’s stock valued at $26,741,000 after acquiring an additional 514,626 shares during the period. Principal Financial Group Inc. boosted its holdings in XPO Logistics by 12,138.3% during the first quarter. Principal Financial Group Inc. now owns 472,153 shares of the transportation company’s stock valued at $25,374,000 after acquiring an additional 468,295 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in XPO Logistics by 137.3% during the first quarter. TD Asset Management Inc. now owns 787,132 shares of the transportation company’s stock valued at $42,300,000 after acquiring an additional 455,360 shares during the period. Institutional investors 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.

Read More: What is a growth and income fund?

Analyst Recommendations for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.