XPO Logistics Stock Rating Lowered by Stifel Nicolaus (XPO)
XPO Logistics (NYSE:XPO) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $31.00 price objective on the stock, up from their previous price objective of $27.00. Stifel Nicolaus’ price target points to a potential upside of 6.93% from the stock’s previous close. The analysts noted that the move was a valuation call.
XPO Logistics (NYSE:XPO) traded down 4.35% on Tuesday, hitting $28.99. 1,032,456 shares of the company’s stock traded hands. XPO Logistics has a 1-year low of $15.48 and a 1-year high of $30.90. The stock has a 50-day moving average of $24.25 and a 200-day moving average of $22.30. The company’s market cap is $884.9 million.
XPO Logistics (NYSE:XPO) last announced its earnings results on Tuesday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.14. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $196.32 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 176.6% on a year-over-year basis. On average, analysts predict that XPO Logistics will post $-2.47 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a research note to investors on Monday, December 16th. They now have a $32.00 price target on the stock, up previously from $29.00. Separately, analysts at Credit Suisse initiated coverage on shares of XPO Logistics in a research note to investors on Monday, December 9th. They set an “outperform” rating on the stock. Finally, analysts at FBR & Co. upgraded shares of XPO Logistics from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.00.
XPO Logistics, Inc is a logistics provider of freight transportation services. As of December 31, 2011, the Company’s operations consisted of three business units: expedited transportation, freight forwarding and freight brokerage.
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