XPO Logistics (NYSE:XPO) had its price target boosted by Raymond James from $140.00 to $145.00 in a note issued to investors on Thursday, Price Targets.com reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price objective points to a potential upside of 5.75% from the company’s previous close.
A number of other research firms also recently commented on XPO. Susquehanna boosted their price objective on shares of XPO Logistics from $144.00 to $154.00 and gave the stock a “positive” rating in a report on Tuesday. Susquehanna Bancshares lifted their target price on shares of XPO Logistics from $144.00 to $154.00 and gave the stock a “positive” rating in a research report on Monday, April 12th. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “strong-buy” rating and set a $139.00 target price for the company in a research report on Saturday, December 19th. Citigroup lifted their target price on shares of XPO Logistics from $138.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Finally, Morgan Stanley boosted their price objective on shares of XPO Logistics from $80.00 to $120.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 16th. Three investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $138.04.
Shares of XPO opened at $137.12 on Thursday. The firm’s fifty day simple moving average is $123.67 and its 200-day simple moving average is $113.35. XPO Logistics has a twelve month low of $53.58 and a twelve month high of $138.32. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 167.22, a PEG ratio of 11.01 and a beta of 2.33.
In other news, President Troy A. Cooper sold 25,974 shares of the stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $118.98, for a total value of $3,090,386.52. Following the completion of the sale, the president now directly owns 139,315 shares of the company’s stock, valued at $16,575,698.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lance A. Robinson sold 7,650 shares of the stock in a transaction that occurred on Thursday, February 18th. The stock was sold at an average price of $118.12, for a total transaction of $903,618.00. Following the completion of the sale, the chief accounting officer now directly owns 74,955 shares of the company’s stock, valued at $8,853,684.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 286,255 shares of company stock valued at $34,173,588. Insiders own 18.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Westpac Banking Corp raised its position in XPO Logistics by 19.2% during the fourth quarter. Westpac Banking Corp now owns 9,343 shares of the transportation company’s stock valued at $1,114,000 after acquiring an additional 1,508 shares in the last quarter. Capital Management Associates NY bought a new position in shares of XPO Logistics in the fourth quarter valued at approximately $1,168,000. Illinois Municipal Retirement Fund grew its stake in shares of XPO Logistics by 90.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,095 shares of the transportation company’s stock worth $1,323,000 after acquiring an additional 5,274 shares during the last quarter. Profund Advisors LLC grew its stake in shares of XPO Logistics by 50.7% in the fourth quarter. Profund Advisors LLC now owns 5,660 shares of the transportation company’s stock worth $675,000 after acquiring an additional 1,904 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of XPO Logistics by 7.0% in the third quarter. Morgan Stanley now owns 270,078 shares of the transportation company’s stock worth $22,864,000 after acquiring an additional 17,599 shares during the last quarter. 95.94% of the stock is currently owned by hedge funds and other institutional investors.
XPO Logistics Company Profile
XPO Logistics, Inc provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services.
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