Oppenheimer Holdings Weighs in on XPO Logistics Inc.’s Q4 2016 Earnings (XPO)
XPO Logistics Inc. (NYSE:XPO) – Investment analysts at Oppenheimer Holdings lowered their Q4 2016 EPS estimates for shares of XPO Logistics in a research note issued on Sunday. Oppenheimer Holdings analyst S. Schneeberger now forecasts that the brokerage will earn $0.18 per share for the quarter, down from their prior forecast of $0.21. Oppenheimer Holdings has a “Outperform” rating and a $42.00 price objective on the stock.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a positive return on equity of 2.28% and a negative net margin of 0.17%. The business’s quarterly revenue was up 57.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) EPS.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Saturday, October 1st. Citigroup Inc. set a $38.00 target price on XPO Logistics and gave the stock a “buy” rating in a research report on Friday, October 28th. Deutsche Bank AG assumed coverage on XPO Logistics in a research report on Wednesday, November 2nd. They set a “buy” rating and a $60.00 target price for the company. Stifel Nicolaus increased their target price on XPO Logistics from $35.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Cowen and Company increased their target price on XPO Logistics from $26.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $44.00.
XPO Logistics (NYSE:XPO) opened at 36.94 on Wednesday. The firm has a 50-day moving average price of $35.26 and a 200-day moving average price of $31.53. XPO Logistics has a 52 week low of $18.04 and a 52 week high of $37.94. The stock’s market capitalization is $4.09 billion.
Several large investors have recently bought and sold shares of XPO. Strs Ohio raised its stake in XPO Logistics by 90.5% in the second quarter. Strs Ohio now owns 12,000 shares of the company’s stock valued at $315,000 after buying an additional 5,700 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in XPO Logistics by 5.8% in the second quarter. Douglas Lane & Associates LLC now owns 1,213,996 shares of the company’s stock valued at $31,880,000 after buying an additional 67,090 shares during the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC raised its stake in XPO Logistics by 7.5% in the second quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 61,655 shares of the company’s stock valued at $1,619,000 after buying an additional 4,300 shares during the last quarter. First Western Capital Management Co bought a new stake in XPO Logistics during the second quarter valued at about $892,000. Finally, BNP Paribas Arbitrage SA bought a new stake in XPO Logistics during the second quarter valued at about $102,000. 94.28% of the stock is owned by institutional investors and hedge funds.
XPO Logistics Company Profile
XPO Logistics (NYSE:XPO) is a global logistics company operating in 34 countries, with over 88,000 employees and 1,440 locations. The company provides supply chain solutions in two reporting segments: transportation and logistics. The logistics segment offers e-commerce fulfillment, reverse logistics, factory and aftermarket support, packaging and labeling, distribution and managed transportation.
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