XPO Logistics Given New $56.00 Price Target at FBR Capital Markets (XPO)
Posted by Kristian Gore on Feb 23rd, 2015
XPO Logistics logoResearch analysts at FBR Capital Markets increased their price objective on shares of XPO Logistics (NYSE:XPO) from $48.00 to $56.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 33.24% from the company’s current price.
XPO has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of XPO Logistics from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Friday. Analysts at Oppenheimer raised their price target on shares of XPO Logistics from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Analysts at Deutsche Bank raised their price target on shares of XPO Logistics from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, analysts at Zacks upgraded shares of XPO Logistics from a “neutral” rating to an “outperform” rating and set a $43.50 price target on the stock in a research note on Tuesday, January 13th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $44.59.
Shares of XPO Logistics (NYSE:XPO) opened at 42.03 on Monday. XPO Logistics has a 52-week low of $22.84 and a 52-week high of $43.40. The stock has a 50-day moving average of $39.06 and a 200-day moving average of $37.09. The company’s market cap is $2.709 billion.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. The company had revenue of $830.70 million for the quarter, compared to the consensus estimate of $773.62 million. During the same quarter in the previous year, the company posted ($0.37) earnings per share. The company’s revenue for the quarter was up 223.0% on a year-over-year basis. Analysts expect that XPO Logistics will post $0.02 EPS for the current fiscal year.
XPO Logistics, Inc, is a logistics provider of freight transportation services. The Company’s operations consist of three business units: expedited transportation, freight forwarding and freight brokerage. Express-1, Inc (NYSE:XPO) provides time-critical expedited transportation to its customers, through carrier arrangements that assign one truck to a load, with a specified delivery time requirement.