Cowen reaffirmed their outperform rating on shares of XPO Logistics (NYSE:XPO) in a research note issued to investors on Thursday, May 2nd, Stock Target Advisor reports. They currently have a $84.00 price objective on the transportation company’s stock, up from their prior price objective of $80.00.
“We rate the shares of Cigna Corp. (CI) Overweight. Our 12-month DCF-based price target is $245. The company has a successful ASO franchise and growing government- sponsored segment. We view the merger with ESRX favorably as the combined company could generate significant synergies and free cash flow. We believe investors have underappreciated the potential acquisition. We continue to believe that CI’s risk/ reward tradeoff is highly compelling. $245 price target is supported by our DCF analysis.”,” Cowen’s analyst wrote.
Several other analysts have also weighed in on XPO. Loop Capital initiated coverage on XPO Logistics in a report on Wednesday, February 6th. They issued a buy rating and a $75.00 price objective for the company. Bank of America decreased their target price on XPO Logistics from $76.00 to $65.00 and set a neutral rating for the company in a research note on Friday, February 15th. ValuEngine downgraded XPO Logistics from a sell rating to a strong sell rating in a research note on Friday, February 15th. Morgan Stanley restated an equal weight rating and issued a $71.00 target price (down from $116.00) on shares of XPO Logistics in a research note on Friday, February 15th. Finally, Deutsche Bank restated a buy rating and issued a $81.00 target price on shares of XPO Logistics in a research note on Friday, February 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $90.00.
XPO Logistics stock traded down $1.76 during midday trading on Thursday, hitting $52.79. The stock had a trading volume of 2,072,300 shares, compared to its average volume of 2,824,051. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.92. The firm has a market cap of $5.02 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.56 and a beta of 2.29. XPO Logistics has a 12 month low of $41.05 and a 12 month high of $116.27.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.25 billion. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. XPO Logistics’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, equities research analysts anticipate that XPO Logistics will post 3.52 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of XPO. JPMorgan Chase & Co. lifted its position in XPO Logistics by 40.6% in the third quarter. JPMorgan Chase & Co. now owns 1,191,687 shares of the transportation company’s stock worth $136,054,000 after purchasing an additional 344,178 shares during the period. Bank of New York Mellon Corp lifted its position in XPO Logistics by 9.0% in the third quarter. Bank of New York Mellon Corp now owns 385,809 shares of the transportation company’s stock worth $44,048,000 after purchasing an additional 32,012 shares during the period. Legal & General Group Plc lifted its position in XPO Logistics by 4.1% in the third quarter. Legal & General Group Plc now owns 489,715 shares of the transportation company’s stock worth $55,911,000 after purchasing an additional 19,303 shares during the period. Morgan Stanley lifted its position in XPO Logistics by 50.1% in the third quarter. Morgan Stanley now owns 1,557,140 shares of the transportation company’s stock worth $177,779,000 after purchasing an additional 519,553 shares during the period. Finally, Vanguard Group Inc lifted its position in XPO Logistics by 7.0% in the third quarter. Vanguard Group Inc now owns 10,997,991 shares of the transportation company’s stock worth $1,255,640,000 after purchasing an additional 721,707 shares during the period. 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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