Trade Report: Today, Citigroup Inc. Analysts Give XPO Logistics Inc. (XPO) a $54.00 Price Target

Today, Citigroup Inc. Analysts Give XPO Logistics Inc. (XPO) a $54.00 Price Target

Citigroup Inc. set a $54.00 price target on XPO Logistics Inc. (NYSE:XPO) in a report issued on Thursday morning. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Deutsche Bank AG started coverage on XPO Logistics in a research note on Wednesday, November 2nd. They set a buy rating and a $60.00 target price for the company. Zacks Investment Research raised XPO Logistics from a hold rating to a buy rating and set a $41.00 target price for the company in a research note on Wednesday, October 12th. Stifel Nicolaus increased their target price on XPO Logistics from $35.00 to $50.00 and gave the stock a buy rating in a research note on Friday, August 5th. JPMorgan Chase & Co. reissued a buy rating on shares of XPO Logistics in a research note on Thursday, November 3rd. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $42.00 price target on shares of XPO Logistics in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. XPO Logistics has a consensus rating of Buy and a consensus target price of $45.60.

XPO Logistics (NYSE:XPO) opened at 44.15 on Thursday. XPO Logistics has a 52-week low of $18.04 and a 52-week high of $45.83. The company’s market cap is $4.89 billion. The stock has a 50 day moving average of $37.37 and a 200-day moving average of $32.72.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. XPO Logistics had a positive return on equity of 2.28% and a negative net margin of 0.17%. The business earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the business earned ($0.15) EPS. XPO Logistics’s revenue for the quarter was up 57.2% compared to the same quarter last year. On average, analysts forecast that XPO Logistics will post $0.96 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. increased its stake in XPO Logistics by 640.0% in the third quarter. Thompson Davis & CO. Inc. now owns 2,775 shares of the company’s stock valued at $102,000 after buying an additional 2,400 shares during the last quarter. Creative Planning increased its stake in XPO Logistics by 157.0% in the third quarter. Creative Planning now owns 3,470 shares of the company’s stock valued at $127,000 after buying an additional 2,120 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in XPO Logistics during the second quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in XPO Logistics by 51.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,872 shares of the company’s stock valued at $142,000 after buying an additional 1,308 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in XPO Logistics by 110.3% in the second quarter. Fifth Third Bancorp now owns 3,996 shares of the company’s stock valued at $105,000 after buying an additional 2,096 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

XPO Logistics Company Profile

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