Today, Citigroup Inc. Reiterates “$54.00” Price Target for XPO Logistics Inc. (XPO)

Today, Citigroup Inc. Reiterates “$54.00” Price Target for XPO Logistics Inc. (XPO)
XPO Logistics Inc. (NYSE:XPO) has been given a $54.00 price objective by Citigroup Inc. in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s target price would indicate a potential upside of 19.26% from the company’s previous close.

A number of other research analysts have also weighed in on XPO. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of XPO Logistics in a research note on Wednesday, August 3rd. Cowen and Company lifted their price target on shares of XPO Logistics from $26.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Stifel Nicolaus lifted their price target on shares of XPO Logistics from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of XPO Logistics from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG lifted their price target on shares of XPO Logistics from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $45.60.

XPO Logistics (NYSE:XPO) traded down 0.59% on Thursday, reaching $45.28. 808,056 shares of the company were exchanged. The firm’s market capitalization is $5.02 billion. XPO Logistics has a 12-month low of $18.04 and a 12-month high of $45.83. The stock has a 50 day moving average of $37.15 and a 200 day moving average of $32.52.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. XPO Logistics had a negative net margin of 0.17% and a positive return on equity of 2.28%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The business’s revenue was up 57.2% on a year-over-year basis. Equities analysts anticipate that XPO Logistics will post $0.96 EPS for the current year.

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA purchased a new position in shares of XPO Logistics during the second quarter worth $102,000. Thompson Davis & CO. Inc. increased its position in shares of XPO Logistics by 640.0% in the third quarter. Thompson Davis & CO. Inc. now owns 2,775 shares of the company’s stock worth $102,000 after buying an additional 2,400 shares during the last quarter. Fifth Third Bancorp increased its position in shares of XPO Logistics by 110.3% in the second quarter. Fifth Third Bancorp now owns 3,996 shares of the company’s stock worth $105,000 after buying an additional 2,096 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of XPO Logistics by 7.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,300 shares of the company’s stock worth $109,000 after buying an additional 300 shares during the last quarter. Finally, Creative Planning increased its position in shares of XPO Logistics by 157.0% in the third quarter. Creative Planning now owns 3,470 shares of the company’s stock worth $127,000 after buying an additional 2,120 shares during the last quarter. Institutional investors and hedge funds own 97.75% of the company’s stock.

XPO Logistics Company Profile

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