XPO Logistics (NYSE:XPO) has been given a $103.00 price target by equities researchers at Bank of America in a research report issued to clients and investors on Wednesday, January 3rd. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America’s target price would indicate a potential upside of 7.44% from the company’s current price.

XPO has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research note on Friday, December 22nd. Goldman Sachs Group began coverage on XPO Logistics in a research note on Monday, November 13th. They issued a “buy” rating and a $90.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, Cowen lifted their price objective on XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.50.

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Shares of XPO Logistics (NYSE XPO) traded down $0.83 during mid-day trading on Wednesday, hitting $95.87. The stock had a trading volume of 816,882 shares, compared to its average volume of 1,176,725. XPO Logistics has a twelve month low of $43.39 and a twelve month high of $98.37. The stock has a market capitalization of $11,540.00, a PE ratio of 79.89, a P/E/G ratio of 0.84 and a beta of 2.51. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. analysts forecast that XPO Logistics will post 1.93 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC bought a new stake in shares of XPO Logistics in the 2nd quarter valued at approximately $1,147,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in XPO Logistics by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 373 shares during the period. Advisors Asset Management Inc. boosted its position in XPO Logistics by 18.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 466 shares during the period. Advisors Capital Management LLC boosted its position in XPO Logistics by 1.4% during the 4th quarter. Advisors Capital Management LLC now owns 43,090 shares of the transportation company’s stock valued at $3,947,000 after purchasing an additional 587 shares during the period. Finally, Sit Investment Associates Inc. boosted its position in XPO Logistics by 2.7% during the 4th quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock valued at $2,336,000 after purchasing an additional 676 shares during the period.

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XPO Logistics Company Profile

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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