XPO Logistics, Inc. (NYSE:XPO) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Monday, July 31st.
A number of other equities analysts also recently weighed in on XPO. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $78.00 price target (up previously from $65.00) on shares of XPO Logistics in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. upped their price target on XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. KeyCorp upped their price target on XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Finally, Bank of America Corporation initiated coverage on XPO Logistics in a research report on Wednesday, June 28th. They set a “buy” rating and a $72.00 price target for the company. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $66.73.
Shares of XPO Logistics (NYSE XPO) opened at 55.45 on Monday. The firm has a market capitalization of $6.53 billion, a PE ratio of 63.52 and a beta of 2.31. The company’s 50 day moving average is $60.02 and its 200 day moving average is $53.80. XPO Logistics has a 12-month low of $31.68 and a 12-month high of $65.44.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the firm earned $0.42 EPS. XPO Logistics’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that XPO Logistics will post $1.92 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Hennessy Advisors Inc. acquired a new stake in XPO Logistics during the first quarter worth $3,956,000. FMR LLC boosted its position in XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock valued at $79,988,000 after buying an additional 319,056 shares during the last quarter. AQR Capital Management LLC boosted its position in XPO Logistics by 509.6% in the fourth quarter. AQR Capital Management LLC now owns 39,178 shares of the transportation company’s stock valued at $1,691,000 after buying an additional 32,751 shares during the last quarter. American Century Companies Inc. boosted its position in XPO Logistics by 1.2% in the first quarter. American Century Companies Inc. now owns 192,457 shares of the transportation company’s stock valued at $9,217,000 after buying an additional 2,317 shares during the last quarter. Finally, Gofen & Glossberg LLC IL purchased a new position in XPO Logistics during the first quarter valued at $210,000. Institutional investors and hedge funds own 91.05% of the company’s stock.
XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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