XPO Logistics (NYSE:XPO) Upgraded to Hold at ValuEngine
Other research analysts also recently issued reports about the company. Jefferies Financial Group increased their price objective on XPO Logistics from $92.00 to $98.00 and gave the stock a buy rating in a report on Monday, August 5th. They noted that the move was a valuation call. Raymond James reissued an outperform rating and issued a $78.00 target price (up previously from $68.00) on shares of XPO Logistics in a research report on Monday, August 5th. Morgan Stanley restated a hold rating and issued a $84.00 target price on shares of XPO Logistics in a research note on Thursday, November 7th. SunTrust Banks upped their price target on XPO Logistics from $80.00 to $95.00 and gave the stock a buy rating in a research report on Wednesday, October 30th. Finally, Barclays raised their price target on shares of XPO Logistics from $70.00 to $75.00 and gave the stock an overweight rating in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. XPO Logistics presently has a consensus rating of Buy and an average target price of $84.00.
Shares of XPO Logistics stock opened at $79.98 on Tuesday. The company has a market capitalization of $7.39 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 0.68 and a beta of 2.50. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $81.25 and a two-hundred day moving average of $68.01. XPO Logistics has a 1 year low of $41.05 and a 1 year high of $86.47.
In related news, major shareholder Spruce House Partnership Lp sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $85.93, for a total value of $12,889,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jason D. Papastavrou purchased 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $75.42 per share, with a total value of $103,702.50. Following the completion of the purchase, the director now owns 13,875 shares of the company’s stock, valued at approximately $1,046,452.50. The disclosure for this purchase can be found here. Insiders have sold a total of 552,900 shares of company stock worth $46,723,803 in the last quarter. Company insiders own 18.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Lyrical Asset Management LP bought a new stake in XPO Logistics during the second quarter worth $176,926,000. Baupost Group LLC MA bought a new stake in shares of XPO Logistics during the 2nd quarter worth $86,715,000. ValueAct Holdings L.P. bought a new stake in shares of XPO Logistics during the 2nd quarter worth $57,810,000. Phoenix Holdings Ltd. acquired a new stake in XPO Logistics in the third quarter valued at about $26,391,000. Finally, North Peak Capital Management LLC acquired a new stake in XPO Logistics in the second quarter valued at about $17,820,000.
About XPO Logistics
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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