XPO Logistics Inc (NYSE:XPO) has earned an average recommendation of “Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $118.30.
Several equities analysts have commented on XPO shares. Morgan Stanley upped their price objective on shares of XPO Logistics from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, November 5th. KeyCorp decreased their price objective on shares of XPO Logistics from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Jefferies Financial Group began coverage on shares of XPO Logistics in a research note on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of XPO Logistics from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Finally, Stifel Nicolaus upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Friday, November 2nd.
NYSE:XPO opened at $75.86 on Monday. XPO Logistics has a one year low of $69.11 and a one year high of $116.27. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 0.60 and a beta of 2.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.09). XPO Logistics had a net margin of 3.04% and a return on equity of 9.70%. The company had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. XPO Logistics’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts predict that XPO Logistics will post 3.33 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in XPO Logistics by 10.8% during the first quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock worth $1,484,000 after buying an additional 1,424 shares in the last quarter. United Services Automobile Association grew its stake in XPO Logistics by 34.3% during the second quarter. United Services Automobile Association now owns 21,321 shares of the transportation company’s stock worth $2,136,000 after buying an additional 5,449 shares in the last quarter. Kendall Capital Management grew its stake in XPO Logistics by 36.0% during the third quarter. Kendall Capital Management now owns 7,610 shares of the transportation company’s stock worth $869,000 after buying an additional 2,015 shares in the last quarter. Morgan Stanley grew its stake in XPO Logistics by 9.5% during the second quarter. Morgan Stanley now owns 1,037,587 shares of the transportation company’s stock worth $103,945,000 after buying an additional 90,218 shares in the last quarter. Finally, Marietta Investment Partners LLC grew its stake in XPO Logistics by 534.6% during the second quarter. Marietta Investment Partners LLC now owns 28,418 shares of the transportation company’s stock worth $2,847,000 after buying an additional 23,940 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.
XPO Logistics Company Profile
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.
Read More: Understanding Market Liquidity
Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.