25 Jan XPO Logistics (NYSE:XPO) PT Lowered to $81.00
XPO Logistics (NYSE:XPO) had its price objective cut by Morgan Stanley from $84.00 to $81.00 in a report issued on Monday, January 6th, BenzingaRatingsTable reports. They currently have an equal weight rating on the transportation company’s stock.
Several other analysts also recently issued reports on the stock. Credit Suisse Group upped their price target on shares of XPO Logistics from $79.00 to $90.00 and gave the company an outperform rating in a report on Wednesday, October 30th. Zacks Investment Research reaffirmed a hold rating on shares of XPO Logistics in a report on Saturday, October 12th. Oppenheimer upped their price target on shares of XPO Logistics from $79.00 to $84.00 and gave the company an outperform rating in a report on Wednesday, October 16th. Barclays upped their price objective on shares of XPO Logistics from $70.00 to $75.00 and gave the company an overweight rating in a research note on Tuesday, October 29th. Finally, Bank of America downgraded shares of XPO Logistics from a buy rating to a neutral rating and upped their price objective for the company from $76.00 to $87.00 in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $83.71.
Shares of XPO Logistics stock opened at $91.84 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.32. The company’s 50-day simple moving average is $82.56 and its 200-day simple moving average is $75.07. XPO Logistics has a 52-week low of $45.73 and a 52-week high of $96.20. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 0.66 and a beta of 2.48.
XPO Logistics (NYSE:XPO) last issued its earnings results on Monday, October 28th. The transportation company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that XPO Logistics will post 3.97 EPS for the current year.
In other XPO Logistics news, major shareholder Spruce House Partnership Lp sold 150,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $83.82, for a total transaction of $12,573,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 552,900 shares of company stock worth $46,723,803. 18.70% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in XPO Logistics by 7.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,972 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 138 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in XPO Logistics by 2.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,871 shares of the transportation company’s stock worth $397,000 after acquiring an additional 176 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in XPO Logistics by 2.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,776 shares of the transportation company’s stock worth $557,000 after acquiring an additional 180 shares in the last quarter. IFP Advisors Inc grew its holdings in XPO Logistics by 29.8% during the 4th quarter. IFP Advisors Inc now owns 876 shares of the transportation company’s stock worth $70,000 after acquiring an additional 201 shares in the last quarter. Finally, NEXT Financial Group Inc grew its holdings in XPO Logistics by 27.9% during the 3rd quarter. NEXT Financial Group Inc now owns 995 shares of the transportation company’s stock worth $71,000 after acquiring an additional 217 shares in the last quarter.
XPO Logistics Company Profile
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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