ValuEngine upgraded shares of XPO Logistics (NYSE:XPO) from a sell rating to a hold rating in a report issued on Friday, ValuEngine reports.
A number of other equities analysts have also recently commented on the company. Barclays lifted their price target on XPO Logistics from $65.00 to $70.00 and gave the stock an overweight rating in a report on Thursday, May 2nd. Oppenheimer lifted their price target on XPO Logistics from $65.00 to $73.00 and gave the stock an outperform rating in a report on Monday, May 6th. Morgan Stanley set a $68.00 price target on XPO Logistics and gave the stock a hold rating in a report on Monday, July 8th. Bank of America reiterated a buy rating and set a $76.00 price target (up previously from $70.00) on shares of XPO Logistics in a report on Friday. Finally, Goldman Sachs Group initiated coverage on XPO Logistics in a report on Wednesday, July 10th. They set a neutral rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $84.07.
XPO Logistics stock traded up $7.12 during midday trading on Friday, reaching $71.97. 4,432,092 shares of the company’s stock were exchanged, compared to its average volume of 1,050,164. XPO Logistics has a 52 week low of $41.05 and a 52 week high of $116.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.92. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 0.65 and a beta of 2.39. The firm has a 50-day moving average price of $59.45.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.24. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the company posted $0.98 earnings per share. XPO Logistics’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts expect that XPO Logistics will post 3.51 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of XPO Logistics by 76.8% in the first quarter. BlackRock Inc. now owns 11,095,856 shares of the transportation company’s stock valued at $596,290,000 after buying an additional 4,818,377 shares in the last quarter. Norges Bank acquired a new stake in shares of XPO Logistics in the fourth quarter valued at approximately $63,017,000. Bank of Montreal Can raised its position in shares of XPO Logistics by 3,023.1% in the first quarter. Bank of Montreal Can now owns 497,603 shares of the transportation company’s stock valued at $26,741,000 after buying an additional 514,626 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of XPO Logistics by 12,138.3% in the first quarter. Principal Financial Group Inc. now owns 472,153 shares of the transportation company’s stock valued at $25,374,000 after buying an additional 468,295 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of XPO Logistics by 137.3% in the first quarter. TD Asset Management Inc. now owns 787,132 shares of the transportation company’s stock valued at $42,300,000 after buying an additional 455,360 shares in the last quarter. Institutional investors own 88.25% of the company’s stock.
About XPO Logistics
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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