The Cowen and Company Reaffirms Outperform Rating for XPO Logistics Inc (XPO)

The Cowen and Company Reaffirms Outperform Rating for XPO Logistics Inc (XPO)

Several other analysts have also recently issued reports on the company. CIBC increased their target price on XPO Logistics from $58.00 to $63.00 and gave the company an outperform rating in a research report on Monday, May 15th. Stifel Nicolaus raised their price objective on XPO Logistics from $60.00 to $65.00 and gave the stock a buy rating in a research report on Monday, May 15th. Credit Suisse Group AG raised their price objective on XPO Logistics from $64.00 to $66.00 and gave the stock an outperform rating in a research report on Monday, May 15th. Oppenheimer Holdings Inc. reissued an outperform rating and issued a $63.00 price objective (up previously from $58.00) on shares of XPO Logistics in a research report on Friday, May 12th. Finally, Morgan Stanley lifted their price target on XPO Logistics from $56.00 to $60.00 and gave the stock an overweight rating in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $60.07.

Cowen and Company reiterated their outperform rating on shares of XPO Logistics Inc (NYSE:XPO) in a report published on Monday, May 22nd. They currently have a $60.00 price target on the transportation company’s stock.

Shares of XPO Logistics (NYSE XPO) opened at 54.45 on Monday. XPO Logistics has a 52-week low of $22.23 and a 52-week high of $55.66. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 64.21 and a beta of 2.11. The company’s 50 day moving average price is $51.75 and its 200 day moving average price is $47.77. XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a positive return on equity of 2.28% and a negative net margin of 0.17%. On average, analysts predict that XPO Logistics will post $1.95 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC bought a new position in shares of XPO Logistics during the fourth quarter valued at $58,317,000. Russell Investments Group Ltd. acquired a new position in XPO Logistics during the fourth quarter worth approximately $2,383,000. Hennessy Advisors Inc. acquired a new position in XPO Logistics during the first quarter worth approximately $3,956,000. State Street Corp boosted its position in XPO Logistics by 3.4% in the fourth quarter. State Street Corp now owns 1,958,896 shares of the transportation company’s stock worth $84,546,000 after buying an additional 64,041 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of XPO Logistics by 509.6% in the fourth quarter. AQR Capital Management LLC now owns 39,178 shares of the transportation company’s stock worth $1,691,000 after buying an additional 32,751 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “XPO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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