XPO Logistics (XPO) Downgraded by ValuEngine

ValuEngine cut shares of XPO Logistics (NYSE:XPO) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

A number of other brokerages have also weighed in on XPO. Stifel Nicolaus began coverage on shares of XPO Logistics in a research note on Tuesday, June 19th. They set a hold rating and a $118.00 target price for the company. Bank of America lowered shares of XPO Logistics from a buy rating to a neutral rating in a research note on Thursday, June 14th. Cowen boosted their target price on shares of XPO Logistics from $112.00 to $120.00 and gave the company an outperform rating in a research note on Thursday, May 24th. Oppenheimer boosted their target price on shares of XPO Logistics from $104.00 to $119.00 and gave the company an outperform rating in a research note on Wednesday, April 18th. Finally, Barclays restated an overweight rating and issued a $130.00 price objective on shares of XPO Logistics in a research note on Tuesday, April 17th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $107.71.

Shares of XPO opened at $100.18 on Friday. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 51.37, a P/E/G ratio of 1.03 and a beta of 2.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. XPO Logistics has a 1-year low of $54.34 and a 1-year high of $115.49.

XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.91 billion. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. sell-side analysts expect that XPO Logistics will post 3.49 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in XPO Logistics by 10.4% in the 1st quarter. BlackRock Inc. now owns 5,072,964 shares of the transportation company’s stock worth $516,477,000 after buying an additional 479,925 shares during the period. Wells Fargo & Company MN boosted its holdings in XPO Logistics by 9.5% in the 1st quarter. Wells Fargo & Company MN now owns 1,867,198 shares of the transportation company’s stock worth $190,099,000 after buying an additional 162,439 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of XPO Logistics by 2.1% during the 1st quarter. OppenheimerFunds Inc. now owns 1,829,945 shares of the transportation company’s stock valued at $186,308,000 after purchasing an additional 37,722 shares during the last quarter. Mar Vista Investment Partners LLC boosted its holdings in shares of XPO Logistics by 20.7% during the 1st quarter. Mar Vista Investment Partners LLC now owns 1,328,544 shares of the transportation company’s stock valued at $135,259,000 after purchasing an additional 227,924 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of XPO Logistics by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 1,277,432 shares of the transportation company’s stock valued at $117,000,000 after purchasing an additional 4,471 shares during the last quarter.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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