XPO Logistics (NYSE:XPO) had its price target cut by KeyCorp from $115.00 to $110.00 in a report issued on Friday morning. They currently have an overweight rating on the transportation company’s stock.
Other equities analysts have also issued reports about the company. Stifel Nicolaus raised XPO Logistics from a hold rating to a buy rating and set a $108.00 price objective on the stock in a research note on Friday. Deutsche Bank reaffirmed a buy rating and issued a $142.00 price objective (up from $133.00) on shares of XPO Logistics in a research note on Thursday, August 2nd. Bank of America dropped their price target on XPO Logistics from $117.00 to $111.00 and set a neutral rating on the stock in a research note on Thursday, August 2nd. Cowen dropped their price target on XPO Logistics from $121.00 to $112.00 and set an outperform rating on the stock in a research note on Friday. Finally, Jefferies Financial Group started coverage on XPO Logistics in a research note on Wednesday, October 3rd. They issued a buy rating and a $145.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $112.29.
Shares of XPO Logistics stock traded up $1.03 during midday trading on Friday, reaching $88.02. The company had a trading volume of 1,794,302 shares, compared to its average volume of 1,965,448. 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 firm has a market cap of $11.17 billion, a P/E ratio of 30.04, a P/E/G ratio of 0.66 and a beta of 2.56. XPO Logistics has a fifty-two week low of $70.32 and a fifty-two week high of $116.27.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.09). The company had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.40 billion. XPO Logistics had a return on equity of 10.01% and a net margin of 3.04%. XPO Logistics’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Equities analysts anticipate that XPO Logistics will post 3.43 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of XPO. BlackRock Inc. raised its position in shares of XPO Logistics by 14.9% during the second quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock worth $584,174,000 after purchasing an additional 758,293 shares during the period. Wells Fargo & Company MN raised its position in shares of XPO Logistics by 23.5% during the third quarter. Wells Fargo & Company MN now owns 2,667,703 shares of the transportation company’s stock worth $304,571,000 after purchasing an additional 508,479 shares during the period. American Century Companies Inc. raised its position in shares of XPO Logistics by 6.6% during the third quarter. American Century Companies Inc. now owns 2,161,899 shares of the transportation company’s stock worth $246,824,000 after purchasing an additional 133,057 shares during the period. Voya Investment Management LLC raised its position in shares of XPO Logistics by 87.8% during the second quarter. Voya Investment Management LLC now owns 2,067,804 shares of the transportation company’s stock worth $207,153,000 after purchasing an additional 966,927 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of XPO Logistics by 4.8% during the second quarter. Victory Capital Management Inc. now owns 1,856,812 shares of the transportation company’s stock worth $186,015,000 after purchasing an additional 85,662 shares during the period. 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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