13 Sep XPO Logistics Inc (NYSE:XPO) Receives Consensus Recommendat…
Shares of XPO Logistics Inc (NYSE:XPO) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $86.27.
Several brokerages have weighed in on XPO. Morgan Stanley boosted their price objective on XPO Logistics from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Raymond James boosted their price objective on XPO Logistics from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Cowen boosted their price objective on XPO Logistics from $112.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Zacks Investment Research cut XPO Logistics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 19th. Finally, Barclays boosted their price target on XPO Logistics from $65.00 to $75.00 in a report on Monday, July 6th.
Shares of XPO stock opened at $87.63 on Friday. The business has a 50-day moving average of $83.52 and a 200 day moving average of $72.59. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.51 and a quick ratio of 1.51. XPO Logistics has a 1-year low of $38.47 and a 1-year high of $100.18. The stock has a market capitalization of $7.85 billion, a PE ratio of 106.87, a P/E/G ratio of 9.86 and a beta of 2.44.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported ($0.63) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.12. XPO Logistics had a return on equity of 9.11% and a net margin of 0.82%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Analysts anticipate that XPO Logistics will post 0.94 EPS for the current year.
In related news, CAO Lance A. Robinson sold 12,195 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $81.77, for a total value of $997,185.15. 18.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Princeton Portfolio Strategies Group LLC lifted its stake in XPO Logistics by 23.6% in the 1st quarter. Princeton Portfolio Strategies Group LLC now owns 33,300 shares of the transportation company’s stock valued at $1,623,000 after buying an additional 6,365 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in XPO Logistics by 233.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 20,538 shares of the transportation company’s stock valued at $1,587,000 after buying an additional 14,372 shares in the last quarter. Wells Fargo & Company MN lifted its stake in XPO Logistics by 9.0% in the 1st quarter. Wells Fargo & Company MN now owns 629,664 shares of the transportation company’s stock valued at $30,696,000 after buying an additional 52,205 shares in the last quarter. APG Asset Management N.V. lifted its stake in XPO Logistics by 1,308.8% in the 1st quarter. APG Asset Management N.V. now owns 153,563 shares of the transportation company’s stock valued at $7,486,000 after buying an additional 142,663 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in XPO Logistics by 13.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 98,671 shares of the transportation company’s stock valued at $7,622,000 after buying an additional 11,362 shares in the last quarter. 95.94% of the stock is currently owned by hedge funds and other institutional investors.
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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