Shares of XPO Logistics, Inc. (NYSE:XPO) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are covering the stock. Two research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $51.90.
Several research analysts have recently commented on XPO shares. Citigroup Inc. set a $38.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a research note on Friday, October 28th. Deutsche Bank AG started coverage on shares of XPO Logistics in a research note on Wednesday, November 2nd. They set a “buy” rating and a $60.00 price target on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $42.00 price target on shares of XPO Logistics in a research note on Wednesday, November 2nd. J P Morgan Chase & Co restated a “buy” rating on shares of XPO Logistics in a research note on Thursday, November 3rd. Finally, Zacks Investment Research lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Friday, November 4th.
A number of hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the company’s stock worth $165,000 after buying an additional 286 shares during the period. Kirr Marbach & Co. LLC IN increased its stake in shares of XPO Logistics by 2.7% in the third quarter. Kirr Marbach & Co. LLC IN now owns 11,210 shares of the company’s stock worth $411,000 after buying an additional 300 shares during the period. Pacer Advisors Inc. increased its stake in shares of XPO Logistics by 9.1% in the third quarter. Pacer Advisors Inc. now owns 7,478 shares of the company’s stock worth $274,000 after buying an additional 624 shares during the period. Fairfield Bush & CO. increased its stake in shares of XPO Logistics by 6.8% in the second quarter. Fairfield Bush & CO. now owns 12,500 shares of the company’s stock worth $328,000 after buying an additional 800 shares during the period. Finally, BlackRock Investment Management LLC increased its stake in shares of XPO Logistics by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 404,858 shares of the company’s stock worth $14,846,000 after buying an additional 1,595 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.
Shares of XPO Logistics (NYSE:XPO) opened at 49.06 on Friday. The company’s market cap is $5.43 billion. XPO Logistics has a 52-week low of $22.23 and a 52-week high of $49.86. The stock has a 50 day moving average of $44.79 and a 200 day moving average of $39.66.
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XPO Logistics Company Profile
XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.
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