XPO Logistics (NYSE:XPO) had its price objective reduced by Barclays from $130.00 to $100.00 in a research report sent to investors on Monday. They currently have an overweight rating on the transportation company’s stock.
Several other analysts have also recently weighed in on XPO. Stifel Nicolaus lifted their price objective on shares of XPO Logistics from $118.00 to $126.00 and gave the stock a hold rating in a research note on Tuesday, September 11th. Jefferies Financial Group started coverage on shares of XPO Logistics in a research note on Wednesday, October 3rd. They issued a buy rating and a $145.00 price objective for the company. Bank of America upgraded shares of XPO Logistics from a neutral rating to a buy rating and set a $105.00 price objective for the company in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Cowen dropped their price objective on shares of XPO Logistics from $121.00 to $112.00 and set an outperform rating for the company in a research note on Friday, November 2nd. Finally, KeyCorp dropped their price objective on shares of XPO Logistics from $115.00 to $110.00 and set an overweight rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $105.49.
Shares of XPO stock opened at $53.83 on Monday. The stock has a market cap of $6.54 billion, a P/E ratio of 27.61, a P/E/G ratio of 0.42 and a beta of 2.51. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.88. XPO Logistics has a 52 week low of $41.05 and a 52 week high of $116.27.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.09). The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.40 billion. XPO Logistics had a return on equity of 9.70% and a net margin of 3.04%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. On average, research analysts forecast that XPO Logistics will post 3.31 EPS for the current year.
Several large investors have recently modified their holdings of XPO. TRUE Private Wealth Advisors acquired a new position in XPO Logistics during the 3rd quarter worth approximately $111,000. Stratos Wealth Partners LTD. acquired a new position in XPO Logistics during the 3rd quarter worth approximately $118,000. NEXT Financial Group Inc acquired a new position in XPO Logistics during the 3rd quarter worth approximately $129,000. Signet Financial Management LLC acquired a new position in XPO Logistics during the 2nd quarter worth approximately $127,000. Finally, Cerebellum GP LLC acquired a new position in XPO Logistics during the 3rd quarter worth approximately $190,000. Institutional investors own 94.07% 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, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.
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