XPO Logistics (XPO) PT Set at $103.00 by Bank of America
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.
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.
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.
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.
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