Trade Report: The XPO Logistics Inc. (XPO) Now Covered by Analysts at Deutsche Bank AG

The XPO Logistics Inc. (XPO) Now Covered by Analysts at Deutsche Bank AG

Research analysts at Deutsche Bank AG initiated coverage on shares of XPO Logistics Inc. (NYSE:XPO) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating and a $60.00 price target on the stock. Deutsche Bank AG’s target price indicates a potential upside of 32.51% from the stock’s current price.

Several other analysts have also recently weighed in on XPO. 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 report on Friday, August 5th. Oppenheimer Holdings Inc. lifted their price target on shares of XPO Logistics from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, August 9th. 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 report 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 report on Friday, August 5th. Finally, Zacks Investment Research cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.60.

XPO Logistics (NYSE:XPO) traded down 0.59% during mid-day trading on Wednesday, hitting $45.28. 808,056 shares of the stock traded hands. The firm’s 50-day moving average is $37.15 and its 200 day moving average is $32.52. The firm’s market cap is $5.02 billion. XPO Logistics has a 52-week low of $18.04 and a 52-week high of $45.83.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $3.79 billion. During the same quarter last year, the business earned ($0.15) earnings per share. The business’s revenue was up 57.2% on a year-over-year basis. Equities analysts predict that XPO Logistics will post $0.96 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of XPO. Principal Financial Group Inc. raised its position in XPO Logistics by 1.7% in the third quarter. Principal Financial Group Inc. now owns 13,316 shares of the company’s stock valued at $488,000 after buying an additional 228 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in XPO Logistics by 7.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,300 shares of the company’s stock valued at $109,000 after buying an additional 300 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its position in XPO Logistics by 2.7% in the third quarter. Kirr Marbach & Co. LLC IN now owns 11,210 shares of the company’s stock valued at $411,000 after buying an additional 300 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in XPO Logistics by 5.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,613 shares of the company’s stock valued at $175,000 after buying an additional 363 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in XPO Logistics by 12.5% in the first quarter. Loomis Sayles & Co. L P now owns 4,447 shares of the company’s stock valued at $137,000 after buying an additional 493 shares during the last quarter. 97.75% of the stock is owned by hedge funds and other institutional investors.

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