XPO Logistics (NYSE:XPO) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from $140.00 to $130.00 in a report released on Friday. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 47.69% from the stock’s previous close.
A number of other research firms also recently issued reports on XPO. Stifel Nicolaus boosted their price target on XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Jefferies Financial Group set a $145.00 price objective on XPO Logistics and gave the company a “buy” rating in a research note on Thursday. Bank of America raised XPO Logistics from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday. They noted that the move was a valuation call. Cowen decreased their target price on XPO Logistics from $121.00 to $112.00 and set an “outperform” rating for the company in a report on Friday. Finally, R. F. Lafferty assumed coverage on shares of XPO Logistics in a research report on Tuesday, July 10th. They set a “buy” rating and a $125.00 target price for the company. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $112.29.
XPO traded up $1.03 during midday trading on Friday, hitting $88.02. The company’s stock had a trading volume of 1,804,308 shares, compared to its average volume of 1,475,009. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 0.65 and a beta of 2.32. XPO Logistics has a 52-week low of $70.32 and a 52-week high of $116.27.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.09). XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the company earned $0.59 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. Equities research analysts anticipate that XPO Logistics will post 3.47 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in XPO. Cambridge Investment Research Advisors Inc. raised its stake in shares of XPO Logistics by 79.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,032 shares of the transportation company’s stock valued at $917,000 after purchasing an additional 3,553 shares during the period. Wells Fargo & Company MN boosted its stake in shares of XPO Logistics by 23.5% in the third quarter. Wells Fargo & Company MN now owns 2,667,703 shares of the transportation company’s stock valued at $304,571,000 after purchasing an additional 508,479 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of XPO Logistics in the third quarter valued at $118,000. TD Asset Management Inc. boosted its stake in shares of XPO Logistics by 20.7% in the third quarter. TD Asset Management Inc. now owns 283,654 shares of the transportation company’s stock valued at $32,385,000 after purchasing an additional 48,567 shares during the period. Finally, Private Advisor Group LLC grew its holdings in XPO Logistics by 60.0% during the 3rd quarter. Private Advisor Group LLC now owns 12,973 shares of the transportation company’s stock valued at $1,481,000 after purchasing an additional 4,864 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.
XPO Logistics Company Profile
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.
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