XPO Logistics, Inc. (XPO) Upgraded by BidaskClub to “Strong-Buy”
BidaskClub upgraded shares of XPO Logistics, Inc. (NYSE:XPO) from a buy rating to a strong-buy rating in a report issued on Friday, June 16th.
Several other research analysts also recently commented on XPO. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $56.00 price objective (up previously from $50.00) on shares of XPO Logistics in a report on Thursday, February 16th. Deutsche Bank AG set a $60.00 price objective on XPO Logistics and gave the stock a buy rating in a report on Wednesday, February 22nd. Zacks Investment Research downgraded XPO Logistics from a buy rating to a hold rating in a report on Saturday, March 4th. Stifel Nicolaus lifted their price objective on XPO Logistics from $60.00 to $65.00 and gave the stock a buy rating in a report on Monday, May 15th. Finally, Cowen and Company lifted their price objective on XPO Logistics from $54.00 to $59.00 and gave the stock an outperform rating in a report on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. XPO Logistics currently has a consensus rating of Buy and a consensus price target of $64.81.
Shares of XPO Logistics (XPO) traded up 1.40% during midday trading on Friday, hitting $63.84. The stock had a trading volume of 950,107 shares. XPO Logistics has a 1-year low of $24.02 and a 1-year high of $65.44. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 75.28 and a beta of 2.32. The firm’s 50-day moving average price is $57.65 and its 200-day moving average price is $50.03.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.14. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.55 billion. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. Analysts forecast that XPO Logistics will post $1.97 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can boosted its stake in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock valued at $165,000 after buying an additional 286 shares in the last quarter. Finally, FTB Advisors Inc. acquired a new stake in XPO Logistics during the first quarter valued at $196,000. Hedge funds and other institutional investors own 93.17% 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.
Receive News & Stock Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related stocks with our FREE daily email newsletter.