XPO Logistics Inc (NYSE:XPO) has earned a consensus recommendation of “Buy” from the twenty ratings firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $83.71.
A number of equities research analysts recently issued reports on XPO shares. Goldman Sachs Group started coverage on XPO Logistics in a research note on Wednesday, July 10th. They set a “neutral” rating and a $65.00 price target for the company. Bank of America set a $76.00 price target on XPO Logistics and gave the stock a “buy” rating in a research note on Friday, August 23rd. Cowen raised their price target on XPO Logistics from $84.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. SunTrust Banks raised their price target on XPO Logistics to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Stephens raised their price target on XPO Logistics from $64.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th.
Shares of XPO Logistics stock traded up $1.54 on Thursday, reaching $79.72. The company had a trading volume of 964,018 shares, compared to its average volume of 740,295. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 0.66 and a beta of 2.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average price is $73.17 and its two-hundred day moving average price is $64.45. XPO Logistics has a 1 year low of $41.05 and a 1 year high of $91.17.
In other news, Director Jason D. Papastavrou bought 1,375 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $75.42 per share, with a total value of $103,702.50. Following the transaction, the director now directly owns 13,875 shares in the company, valued at approximately $1,046,452.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System raised its position in shares of XPO Logistics by 11.0% in the 3rd quarter. New York State Teachers Retirement System now owns 39,494 shares of the transportation company’s stock worth $2,827,000 after acquiring an additional 3,900 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of XPO Logistics by 223.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 692 shares of the transportation company’s stock worth $45,000 after acquiring an additional 478 shares in the last quarter. World Asset Management Inc raised its position in shares of XPO Logistics by 5.0% in the 3rd quarter. World Asset Management Inc now owns 6,137 shares of the transportation company’s stock worth $439,000 after acquiring an additional 294 shares in the last quarter. Brinker Capital Inc. raised its position in shares of XPO Logistics by 36.7% in the 3rd quarter. Brinker Capital Inc. now owns 12,928 shares of the transportation company’s stock worth $925,000 after acquiring an additional 3,468 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of XPO Logistics by 198.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,123 shares of the transportation company’s stock worth $4,589,000 after acquiring an additional 42,632 shares in the last quarter.
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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