XPO Logistics Inc (NYSE:XPO) had its target price lifted by Morgan Stanley from $56.00 to $60.00 in a research note issued to investors on Monday morning.

XPO Logistics, Inc. (XPO) is now showing its ROA (Return on Assets) of 0.9%. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.42 out of the scale from 1 to 5, where 1 stands for Strong Buy and 5 means Strong Sell. Norges Bank purchased a new stake in XPO Logistics during the fourth quarter valued at $28,273,000. (XPO)’s stock to Buy with no specific Price Target. FMR LLC acquired a new position in shares of XPO Logistics during the fourth quarter worth $58,317,000. The company had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.55 billion.

XPO has been the topic of a number of other research reports. Nippon Life Global Investors Americas Inc. acquired a new position in shares of XPO Logistics during the third quarter worth approximately $15,794,000. XPO Logistics Inc has a 12-month low of $22.23 and a 12-month high of $55.31. Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant).

11/02/2016 – Deutsche Bank began new coverage on XPO Logistics, Inc. giving the company a “buy” rating. The stock now has an average rating of “Buy” and an average price target of $57.86. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock price recently experienced a 5-day gain of 10.23% with 1.47 average true range (ATR). In general, companies with the lowest combined rank may be the higher quality picks.

XPO Logistics, Inc. (XPO) has a market capitalization of 6.17 Billion. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock valued at $165,000 after buying an additional 286 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: “XPO Logistics Inc (XPO) Price Target Raised to $60.00 at Morgan Stanley” was first published by BBNS and is the property of of BBNS. If you are viewing this piece on another site, it was copied illegally and reposted in violation of United States & global trademark and copyright legislation. The legal version of this article can be read at https://www.themarketsdaily.com/2017/05/11/xpo-logistics-inc-xpo-set-to-announce-earnings-on-wednesday-updated.html. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock valued at $165,000 after buying an additional 286 shares in the last quarter. The company saw 1.55 million shares trade hands over the course of the day.

Once the new units are in operation, the company expects to have approximately 1,747 vehicles and 3,144 trailers in its United Kingdom contract logistics network, primarily dedicated to specific customer contracts.

Malcolm Wilson, managing director of European supply chain for XPO Logistics, said: “Our commitment to state-of-the-art, environmentally sound transport is at the heart of our service to customers”. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services.