XPO Logistics, Inc. (NYSE:XPO) Receives Average Rating of "Buy" from Brokerages

Patrice Gainsbourg
Julho 12, 2017

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of XPO Logistics, Inc. Deutsche Bank AG restated a "buy" rating and issued a $75.00 price objective on shares of XPO Logistics in a research report on Monday, June 5th. Capstone Investment Advsr Ltd has 0.02% invested in XPO Logistics Inc (NYSE:XPO) for 12,782 shares. Envestnet Asset Management Inc. boosted its position in XPO Logistics by 461.3% in the first quarter. XPO serves customers in the U.S, Canada and Mexico with domestic and global freight destinations. XPO's suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and global freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO's suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and worldwide freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc.

Several other equities research analysts have also commented on XPO. The stock now has an average rating of Buy and a consensus price target of $63.44. BidaskClub raised shares of XPO Logistics from a buy rating to a strong-buy rating in a research report on Friday, June 16th. The stock now has an average rating of "Buy" and an average price target of $62.38. Oppenheimer maintained XPO Logistics Inc (NYSE:XPO) on Wednesday, September 30 with "Outperform" rating. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. It doesn't guarantee that they'll make money on the stock, however, but it greatly enhances the chance that they will turn a profit.

During the latest trading session XPO Logistics, Inc. A significant increase in trading volume means that more than double the average amount of stocks are moving. XPO Logistics, Inc. has a 52-week low of 24.02 and a 52-week high of 65.44. The company has market cap of $7.02 billion.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14.

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The opening price for XPO Logistics, Inc. The company had revenue of $3.54 billion during the quarter, compared to analysts' expectations of $3.55 billion. On average, analysts anticipate that XPO Logistics will post $1.97 earnings per share for the current year.

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The share price of XPO Logistics, Inc. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company's stock worth $116,000 after buying an additional 1,993 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of XPO Logistics by 250.9% in the fourth quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company's stock worth $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can boosted its position in shares of XPO Logistics by 8.8% in the first quarter. Tudor Investment Corp Et Al now owns 21,163 shares of the transportation company's stock worth $913,000 after buying an additional 5,064 shares during the period.

The counter witnessed a trading volume of 1.2 million shares versus an average volume of 1.1 million shares during last trading session. Finally, FTB Advisors Inc. acquired a new position in shares of XPO Logistics during the first quarter valued at $196,000. The Firm operates in two divisions: 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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