XPO Logistics (NYSE:XPO) had its price target decreased by Credit Suisse Group from $125.00 to $119.00 in a research report sent to investors on Monday, The Fly reports. Credit Suisse Group currently has an outperform rating on the transportation company’s stock.
A number of other equities analysts have also recently commented on the company. Jefferies Financial Group initiated coverage on XPO Logistics in a report on Wednesday, October 3rd. They set a buy rating and a $145.00 target price for the company. Deutsche Bank restated a buy rating and set a $142.00 target price (up from $133.00) on shares of XPO Logistics in a report on Thursday, August 2nd. Stifel Nicolaus lifted their price objective on XPO Logistics from $118.00 to $126.00 and gave the company a hold rating in a research note on Tuesday, September 11th. Bank of America decreased their price objective on XPO Logistics from $117.00 to $111.00 and set a neutral rating for the company in a research note on Thursday, August 2nd. Finally, R. F. Lafferty assumed coverage on XPO Logistics in a research note on Tuesday, July 10th. They issued a buy rating and a $125.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $113.73.
Shares of XPO Logistics stock opened at $83.12 on Monday. XPO Logistics has a 12 month low of $70.32 and a 12 month high of $116.27. The stock has a market cap of $10.81 billion, a P/E ratio of 42.63, a PEG ratio of 0.67 and a beta of 2.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.26.
Several institutional investors and hedge funds have recently made changes to their positions in the company. TRUE Private Wealth Advisors purchased a new stake in XPO Logistics during the third quarter worth approximately $111,000. Stratos Wealth Partners LTD. purchased a new stake in XPO Logistics during the third quarter worth approximately $118,000. Signet Financial Management LLC purchased a new stake in XPO Logistics during the second quarter worth approximately $127,000. NEXT Financial Group Inc purchased a new stake in XPO Logistics during the third quarter worth approximately $129,000. Finally, Cerebellum GP LLC purchased a new stake in XPO Logistics during the third quarter worth approximately $190,000. Institutional investors and hedge funds own 92.22% 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, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.
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