Morgan Stanley Analysts Give XPO Logistics (NYSE:XPO) a $68.00 Price Target

Morgan Stanley set a $68.00 target price on XPO Logistics (NYSE:XPO) in a research report report published on Monday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on the company. ValuEngine raised XPO Logistics from a strong sell rating to a sell rating in a report on Thursday, April 4th. Barclays raised their price objective on Black Knight from $56.00 to $66.00 and gave the company an overweight rating in a report on Thursday, May 2nd. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Saturday, May 11th. Cowen set a $150.00 price objective on Tesla and gave the company a sell rating in a report on Friday, May 3rd. Finally, Deutsche Bank raised their price objective on Keysight Technologies from $100.00 to $120.00 and gave the company a buy rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $82.80.

Shares of XPO stock traded up $0.42 during trading hours on Monday, reaching $55.05. The company’s stock had a trading volume of 61,835 shares, compared to its average volume of 2,433,500. The company’s 50 day moving average is $54.97. The firm has a market capitalization of $5.06 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 0.54 and a beta of 2.35. XPO Logistics has a fifty-two week low of $41.05 and a fifty-two week high of $116.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.92.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.25 billion. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. On average, research analysts expect that XPO Logistics will post 3.57 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Meridian Wealth Management LLC bought a new position in shares of XPO Logistics in the 1st quarter worth about $34,000. Bronfman E.L. Rothschild L.P. raised its position in shares of XPO Logistics by 20.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after acquiring an additional 176 shares in the last quarter. Parallel Advisors LLC raised its position in shares of XPO Logistics by 2,161.3% in the 1st quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock worth $75,000 after acquiring an additional 1,340 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of XPO Logistics by 51.8% in the 4th quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock worth $77,000 after acquiring an additional 460 shares in the last quarter. Finally, Psagot Investment House Ltd. bought a new position in shares of XPO Logistics in the 4th quarter worth about $94,000. 88.25% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Futures Contract

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.