XPO Logistics, Inc. (NYSE:XPO) has received a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $66.36.
Several research firms have recently weighed in on XPO. Oppenheimer Holdings, Inc. upped their price objective on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, July 11th. BidaskClub upgraded XPO Logistics from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Zacks Investment Research lowered XPO Logistics from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 price objective (up from $60.00) on shares of XPO Logistics in a research note on Tuesday, July 25th. Finally, Vertical Research began coverage on XPO Logistics in a research note on Thursday, April 13th. They issued a “buy” rating and a $60.00 price objective on the stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC increased its position in XPO Logistics by 250.9% in the fourth quarter. Guggenheim Capital LLC now owns 42,617 shares of the transportation company’s stock valued at $1,839,000 after buying an additional 30,471 shares in the last quarter. AQR Capital Management LLC increased 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 worth $1,691,000 after buying an additional 32,751 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock worth $165,000 after buying an additional 286 shares during the period. Norges Bank bought a new position in XPO Logistics during the fourth quarter worth $28,273,000. Finally, Teachers Advisors LLC boosted its stake in XPO Logistics by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 197,662 shares of the transportation company’s stock worth $8,531,000 after buying an additional 27,360 shares in the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XPO Logistics (NYSE:XPO) opened at 54.99 on Friday. XPO Logistics has a one year low of $31.68 and a one year high of $65.44. The company has a market cap of $6.48 billion, a P/E ratio of 62.99 and a beta of 2.31. The company has a 50 day moving average price of $61.11 and a 200 day moving average price of $53.34.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that XPO Logistics will post $1.92 earnings per share for the current year.
About XPO Logistics
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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