XPO Logistics (NYSE:XPO) Price Target Raised to $107.00

XPO Logistics (NYSE:XPO) had its price target raised by SunTrust Banks from $95.00 to $107.00 in a research report report published on Wednesday, The Fly reports. The firm currently has a buy rating on the transportation company’s stock. SunTrust Banks also issued estimates for XPO Logistics’ Q2 2020 earnings at $1.51 EPS, Q3 2020 earnings at $1.50 EPS and FY2021 earnings at $6.32 EPS.

Other equities research analysts have also issued reports about the stock. ValuEngine upgraded shares of XPO Logistics from a strong sell rating to a sell rating in a report on Thursday, January 16th. Bank of America lowered shares of XPO Logistics from a buy rating to a neutral rating and raised their price target for the stock from $76.00 to $87.00 in a report on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of XPO Logistics from $84.00 to $81.00 and set an equal weight rating on the stock in a research report on Monday, January 6th. Raymond James reaffirmed an outperform rating and set a $108.00 price objective (up from $105.00) on shares of XPO Logistics in a research note on Wednesday. Finally, Credit Suisse Group increased their target price on shares of XPO Logistics from $94.00 to $111.00 and gave the stock an outperform rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. XPO Logistics currently has an average rating of Hold and an average target price of $94.75.

XPO opened at $95.20 on Wednesday. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.03 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $87.15 and its 200 day simple moving average is $78.34. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 0.71 and a beta of 2.45. XPO Logistics has a 1 year low of $45.73 and a 1 year high of $96.26.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Monday, February 10th. The transportation company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.11. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.23 billion. XPO Logistics had a return on equity of 15.91% and a net margin of 2.44%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. As a group, sell-side analysts anticipate that XPO Logistics will post 4.74 EPS for the current year.

In other XPO Logistics news, major shareholder Spruce House Partnership Lp sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $83.82, for a total transaction of $12,573,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. raised its holdings in XPO Logistics by 2.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,871 shares of the transportation company’s stock worth $397,000 after buying an additional 176 shares during the last quarter. Macquarie Group Ltd. raised its holdings in XPO Logistics by 227.5% during the second quarter. Macquarie Group Ltd. now owns 7,860 shares of the transportation company’s stock worth $455,000 after buying an additional 5,460 shares during the last quarter. Patten & Patten Inc. TN raised its holdings in XPO Logistics by 129.8% during the third quarter. Patten & Patten Inc. TN now owns 15,312 shares of the transportation company’s stock worth $1,096,000 after buying an additional 8,650 shares during the last quarter. Tributary Capital Management LLC raised its holdings in XPO Logistics by 269.2% during the third quarter. Tributary Capital Management LLC now owns 19,200 shares of the transportation company’s stock worth $1,374,000 after buying an additional 14,000 shares during the last quarter. Finally, Inlet Private Wealth LLC acquired a new position in XPO Logistics during the third quarter worth $3,394,000.

XPO Logistics Company Profile

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.

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