Shares of XPO Logistics Inc (NYSE:XPO) have received an average recommendation of “Buy” from the twenty analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $83.17.
A number of equities research analysts have commented on the stock. ValuEngine raised shares of XPO Logistics from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Morgan Stanley set a $68.00 price objective on shares of XPO Logistics and gave the company a “hold” rating in a research report on Monday, July 8th. SunTrust Banks boosted their price objective on shares of XPO Logistics to $80.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Loop Capital downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating and boosted their price objective for the company from $65.00 to $70.00 in a research report on Monday, August 5th. Finally, Barclays boosted their price objective on shares of XPO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd.
NYSE:XPO traded down $0.40 during trading hours on Friday, reaching $65.04. The company had a trading volume of 791,000 shares, compared to its average volume of 1,366,973. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.03 and a current ratio of 1.03. XPO Logistics has a 52 week low of $41.05 and a 52 week high of $116.27. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 0.55 and a beta of 2.39. The company’s 50 day simple moving average is $62.42.
XPO Logistics (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.24. XPO Logistics had a net margin of 2.16% and a return on equity of 11.92%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts predict that XPO Logistics will post 3.82 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Meridian Wealth Management LLC purchased a new stake in shares of XPO Logistics during the 1st quarter valued at about $34,000. Steward Partners Investment Advisory LLC bought a new position in XPO Logistics during the 2nd quarter valued at about $74,000. Parallel Advisors LLC grew its holdings in XPO Logistics by 2,161.3% during the 1st quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 1,340 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in XPO Logistics by 54.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 514 shares during the last quarter. Finally, MUFG Americas Holdings Corp bought a new position in XPO Logistics during the 2nd quarter valued at about $98,000. Institutional investors and hedge funds own 88.25% of the company’s stock.
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.
Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.