XPO Logistics, Inc. (NYSE:XPO)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a research report issued on Monday, August 7th, Marketbeat reports.
Several other equities research analysts have also weighed in on XPO. Stifel Nicolaus upped their price objective on XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 15th. BidaskClub lowered XPO Logistics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Morgan Stanley upped their price objective on XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. 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. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. XPO Logistics has a consensus rating of “Buy” and a consensus target price of $66.73.
XPO Logistics (NYSE:XPO) opened at 55.45 on Monday. XPO Logistics has a 52-week low of $31.68 and a 52-week high of $65.44. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 63.52 and a beta of 2.31. The company’s 50-day moving average price is $60.02 and its 200-day moving average price is $53.80.
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. Analysts predict that XPO Logistics will post $1.92 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. SignalPoint Asset Management LLC acquired a new stake in shares of XPO Logistics during the first quarter valued at approximately $592,000. Webster Bank N. A. increased its stake in shares of XPO Logistics by 21.0% in the first quarter. Webster Bank N. A. now owns 15,145 shares of the transportation company’s stock valued at $725,000 after buying an additional 2,625 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of XPO Logistics by 56.8% in the first quarter. Canada Pension Plan Investment Board now owns 123,700 shares of the transportation company’s stock valued at $5,924,000 after buying an additional 44,800 shares during the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC increased its stake in shares of XPO Logistics by 2.9% in the first quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 66,530 shares of the transportation company’s stock valued at $3,186,000 after buying an additional 1,900 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its stake in shares of XPO Logistics by 20.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 10,000 shares of the transportation company’s stock valued at $478,000 after buying an additional 1,700 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.
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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