XPO Logistics Upgraded to “Buy” at KeyCorp (XPO)
XPO Logistics (NYSE:XPO) was upgraded by stock analysts at KeyCorp from a “hold” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of XPO Logistics (NYSE:XPO) traded up 2.02% during mid-day trading on Tuesday, hitting $29.84. The stock had a trading volume of 503,099 shares. 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 $25.52 and a 200-day moving average of $22.74. The company’s market cap is $910.8 million.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.28) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 176.6% on a year-over-year basis. On average, analysts predict that XPO Logistics will post $-2.48 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 Tuesday, January 7th. They now have a $37.00 price target on the stock, up previously from $32.00. Separately, analysts at FBR Capital Markets raised their price target on shares of XPO Logistics from $30.00 to $33.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 7th. They now have a $31.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average 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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