Oppenheimer Increases XPO Logistics (NYSE:XPO) Price Target to $73.00

XPO Logistics (NYSE:XPO) had its target price boosted by Oppenheimer from $65.00 to $73.00 in a note issued to investors on Monday, May 6th, The Fly reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s target price points to a potential upside of 40.14% from the company’s current price. Oppenheimer also issued estimates for XPO Logistics’ Q4 2019 earnings at $0.84 EPS.

XPO has been the subject of a number of other reports. Cowen reaffirmed an “outperform” rating and set a $79.00 price target (down from $101.00) on shares of XPO Logistics in a research note on Tuesday, February 19th. TheStreet cut shares of XPO Logistics from a “b-” rating to a “c+” rating in a research note on Tuesday, March 5th. Morgan Stanley cut shares of XPO Logistics from an “overweight” rating to an “equal weight” rating and set a $116.00 price objective for the company. in a research report on Tuesday, February 19th. Loop Capital started coverage on shares of XPO Logistics in a research report on Wednesday, February 6th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Bank of America lowered their price objective on shares of XPO Logistics from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $90.00.

Shares of XPO stock traded up $0.09 on Monday, hitting $52.09. 1,201,531 shares of the stock traded hands, compared to its average volume of 2,775,032. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 0.51 and a beta of 2.29. XPO Logistics has a 52 week low of $41.05 and a 52 week high of $116.27.

XPO Logistics (NYSE:XPO) last announced 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 company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.25 billion. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. XPO Logistics’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. Equities research analysts expect that XPO Logistics will post 3.52 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. acquired a new position in XPO Logistics during the 1st quarter valued at approximately $26,000. Inscription Capital LLC purchased a new stake in shares of XPO Logistics in the 1st quarter valued at $27,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of XPO Logistics in the 4th quarter valued at $36,000. Penserra Capital Management LLC purchased a new stake in XPO Logistics during the fourth quarter worth $39,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in XPO Logistics by 20.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

About XPO Logistics

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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