Goldman Sachs Group started coverage on shares of XPO Logistics (NYSE:XPO) in a report published on Wednesday morning, Briefing.com Automated Import reports. The firm issued a neutral rating and a $65.00 target price on the transportation company’s stock.
A number of other research analysts have also recently commented on the stock. ValuEngine upgraded shares of XPO Logistics from a strong sell rating to a sell rating in a research note on Thursday, April 4th. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Saturday, May 11th. Barclays lifted their target price on shares of Black Knight from $56.00 to $66.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. Oppenheimer lifted their target price on shares of XPO Logistics from $65.00 to $73.00 and gave the company an outperform rating in a research note on Monday, May 6th. Finally, Deutsche Bank lifted their target price on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a buy rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. XPO Logistics presently has an average rating of Buy and an average price target of $82.80.
XPO traded up $0.39 during midday trading on Wednesday, reaching $55.02. 951,072 shares of the company’s stock were exchanged, compared to its average volume of 2,422,867. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 0.54 and a beta of 2.35. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.92. XPO Logistics has a one year low of $41.05 and a one year high of $116.27. The company’s 50-day moving average is $54.95.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.25 billion. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. Analysts predict that XPO Logistics will post 3.57 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Meridian Wealth Management LLC bought a new position in shares of XPO Logistics in the first quarter valued at approximately $34,000. Bronfman E.L. Rothschild L.P. raised its position in XPO Logistics by 20.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after purchasing an additional 176 shares during the last quarter. Cohen & Steers Inc. raised its position in XPO Logistics by 51.8% in the 4th quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock worth $77,000 after purchasing an additional 460 shares during the last quarter. Parallel Advisors LLC raised its position in XPO Logistics by 2,161.3% in the 1st quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock worth $75,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Psagot Investment House Ltd. bought a new position in XPO Logistics in the 4th quarter worth approximately $94,000. Institutional investors own 88.25% of the company’s stock.
About XPO Logistics
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.
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