KeyCorp Research Analysts Decrease Earnings Estimates for XPO Logistics, Inc. (NYSE:XPO)
XPO Logistics, Inc. (NYSE:XPO) – Investment analysts at KeyCorp cut their Q3 2017 earnings estimates for shares of XPO Logistics in a research report issued on Thursday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.65. KeyCorp has a “Overweight” rating and a $70.00 price objective on the stock. KeyCorp also issued estimates for XPO Logistics’ Q4 2017 earnings at $0.46 EPS and FY2017 earnings at $1.90 EPS.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.59%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business posted $0.42 EPS. XPO Logistics’s revenue was up 2.1% compared to the same quarter last year.
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A number of other brokerages also recently weighed in on XPO. Morgan Stanley boosted their target price on shares of XPO Logistics from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. Deutsche Bank AG restated a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a report on Monday, June 5th. Stifel Nicolaus boosted their target price on shares of XPO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Oppenheimer Holdings, Inc. boosted their target price on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Finally, Cowen and Company restated an “outperform” rating and set a $60.00 target price on shares of XPO Logistics in a report on Monday, May 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. XPO Logistics presently has an average rating of “Buy” and an average target price of $66.73.
XPO Logistics (NYSE XPO) opened at 57.69 on Monday. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 66.39 and a beta of 2.31. XPO Logistics has a 1-year low of $28.43 and a 1-year high of $65.44. The company has a 50-day moving average of $61.98 and a 200-day moving average of $52.84.
Several institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA increased its position in XPO Logistics by 331.6% in the second quarter. Federated Investors Inc. PA now owns 553,402 shares of the transportation company’s stock valued at $35,766,000 after buying an additional 425,189 shares during the period. State Board of Administration of Florida Retirement System increased its position in XPO Logistics by 111.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 130,821 shares of the transportation company’s stock valued at $8,455,000 after buying an additional 68,854 shares during the period. Fortaleza Asset Management Inc. acquired a new position in XPO Logistics during the second quarter valued at approximately $475,000. BB&T Securities LLC acquired a new position in XPO Logistics during the second quarter valued at approximately $399,000. Finally, Turner Investments LLC acquired a new position in XPO Logistics during the second quarter valued at approximately $2,004,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
XPO Logistics Company Profile
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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