XPO Logistics (NYSE:XPO) Now Covered by Analysts at Goldman Sachs Group

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Goldman Sachs Group assumed coverage on shares of XPO Logistics (NYSE:XPO) in a report issued on Wednesday, Briefing.com Automated Import reports. The brokerage issued a neutral rating and a $65.00 target price on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. Oppenheimer raised their price objective on XPO Logistics from $65.00 to $73.00 and gave the stock an outperform rating in a research note on Monday, May 6th. Zacks Investment Research lowered Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Saturday, May 11th. Morgan Stanley set a $36.00 price objective on ArcBest and gave the stock a hold rating in a research note on Monday. Cowen set a $150.00 price objective on Tesla and gave the stock a sell rating in a research note on Friday, May 3rd. Finally, Deutsche Bank raised their price objective on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $82.80.

NYSE XPO traded up $0.39 on Wednesday, reaching $55.02. 951,072 shares of the stock traded hands, compared to its average volume of 2,422,867. The stock’s fifty day moving average price is $54.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.07 and a current ratio of 1.07. The company 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 12 month low of $41.05 and a 12 month high of $116.27.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.25 billion. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. Research analysts predict that XPO Logistics will post 3.57 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of XPO Logistics by 20.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 176 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of XPO Logistics by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 29,891 shares of the transportation company’s stock valued at $1,605,000 after purchasing an additional 215 shares in the last quarter. Standard Life Aberdeen plc lifted its holdings in shares of XPO Logistics by 3.6% in the fourth quarter. Standard Life Aberdeen plc now owns 6,681 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 231 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of XPO Logistics by 51.8% in the fourth quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 460 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in shares of XPO Logistics by 4.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 10,890 shares of the transportation company’s stock valued at $585,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 88.25% of the company’s stock.

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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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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