Shares of XPO Logistics Inc (NYSE:XPO) have been given a consensus recommendation of “Buy” by the twenty-one analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $103.05.
Several equities research analysts have weighed in on XPO shares. Citigroup reduced their price objective on XPO Logistics from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, December 26th. Macquarie boosted their price objective on XPO Logistics from $80.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 27th. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research note on Thursday, December 28th. Stifel Nicolaus reduced their price objective on XPO Logistics from $120.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, January 2nd. Finally, Bank of America set a $103.00 price objective on XPO Logistics and gave the stock a “buy” rating in a research note on Wednesday, January 3rd.
Shares of NYSE XPO opened at $104.44 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11. XPO Logistics has a 1-year low of $47.76 and a 1-year high of $109.06. The company has a market cap of $12,760.89, a price-to-earnings ratio of 53.56, a P/E/G ratio of 1.04 and a beta of 2.42.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC grew its stake in shares of XPO Logistics by 9.7% during the fourth quarter. Aperio Group LLC now owns 13,155 shares of the transportation company’s stock valued at $1,205,000 after buying an additional 1,159 shares during the last quarter. Convergence Investment Partners LLC grew its stake in shares of XPO Logistics by 9.5% during the fourth quarter. Convergence Investment Partners LLC now owns 39,488 shares of the transportation company’s stock valued at $3,617,000 after buying an additional 3,438 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of XPO Logistics during the third quarter valued at approximately $271,000. Hennessy Advisors Inc. grew its stake in shares of XPO Logistics by 509.8% during the fourth quarter. Hennessy Advisors Inc. now owns 493,900 shares of the transportation company’s stock valued at $45,236,000 after buying an additional 412,900 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of XPO Logistics by 0.3% in the fourth quarter. BlackRock Inc. now owns 4,593,039 shares of the transportation company’s stock valued at $420,678,000 after purchasing an additional 12,333 shares during the period.
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About XPO Logistics
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.
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