XPO Logistics, Inc. (NYSE:XPO) Stock Rating Lowered by BidaskClub
XPO Logistics, Inc. (NYSE:XPO) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Monday.
Several other research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective (down previously from $78.00) on shares of XPO Logistics in a research report on Friday. Morgan Stanley increased their price objective on XPO Logistics from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Zacks Investment Research cut XPO Logistics from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Oppenheimer Holdings, Inc. increased their price objective on XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Finally, KeyCorp increased their price objective on XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. XPO Logistics has an average rating of “Buy” and a consensus target price of $65.69.
XPO Logistics (NYSE XPO) traded up 0.13% during midday trading on Monday, reaching $60.75. 1,422,268 shares of the company were exchanged. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 71.64 and a beta of 2.31. The company has a 50 day moving average of $61.41 and a 200-day moving average of $51.83. XPO Logistics has a 52-week low of $27.93 and a 52-week high of $65.44.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.14. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. On average, equities research analysts anticipate that XPO Logistics will post $1.93 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the stock. First American Trust bought a new stake in XPO Logistics during the fourth quarter worth approximately $1,380,000. Douglas C. Lane & Associates Inc. raised its stake in XPO Logistics by 21.8% in the fourth quarter. Douglas C. Lane & Associates Inc. now owns 1,071,914 shares of the transportation company’s stock worth $29,210,000 after buying an additional 191,814 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in XPO Logistics by 128.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 64,000 shares of the transportation company’s stock worth $1,686,000 after buying an additional 36,000 shares during the last quarter. Deltec Asset Management LLC raised its stake in XPO Logistics by 58.4% in the fourth quarter. Deltec Asset Management LLC now owns 465,563 shares of the transportation company’s stock worth $12,687,000 after buying an additional 171,648 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in XPO Logistics by 3.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 46,535 shares of the transportation company’s stock worth $1,268,000 after buying an additional 1,495 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.
About XPO Logistics
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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