XPO Logistics (XPO) Rating Lowered to Neutral at Bank of America

XPO Logistics (NYSE:XPO) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.

XPO has been the topic of several other reports. Zacks Investment Research cut XPO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, April 14th. Oppenheimer boosted their price target on XPO Logistics from $104.00 to $119.00 and gave the stock an “outperform” rating in a report on Wednesday, April 18th. Cowen boosted their price target on XPO Logistics from $100.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. ValuEngine upgraded XPO Logistics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Deutsche Bank set a $133.00 price target on XPO Logistics and gave the stock a “buy” rating in a report on Sunday, February 25th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $105.60.

NYSE:XPO opened at $113.30 on Thursday. The stock has a market cap of $13.45 billion, a PE ratio of 58.10, a PEG ratio of 1.05 and a beta of 2.46. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. XPO Logistics has a 1-year low of $54.34 and a 1-year high of $115.49.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.10. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.91 billion. XPO Logistics had a return on equity of 7.95% and a net margin of 2.34%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. sell-side analysts anticipate that XPO Logistics will post 3.49 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of XPO. First American Trust acquired a new position in shares of XPO Logistics in the fourth quarter worth approximately $1,380,000. Douglas C. Lane & Associates Inc. lifted 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 valued at $29,210,000 after buying an additional 191,814 shares during the period. DekaBank Deutsche Girozentrale lifted 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 valued at $1,686,000 after buying an additional 36,000 shares during the period. Deltec Asset Management LLC lifted 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 valued at $12,687,000 after buying an additional 171,648 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted 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 valued at $1,268,000 after buying an additional 1,495 shares during the period.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.

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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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