XPO Logistics, Inc. (XPO) Receives Average Recommendation of “Buy” from Analysts
Shares of XPO Logistics, Inc. (NYSE:XPO) have been assigned an average recommendation of “Buy” from the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $76.53.
XPO has been the subject of a number of research analyst reports. BidaskClub downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a report on Monday, July 31st. William Blair reissued an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. Stifel Nicolaus set a $77.00 price target on shares of XPO Logistics and gave the company a “buy” rating in a report on Wednesday, August 23rd. Cowen and Company reissued a “buy” rating and issued a $69.00 price target on shares of XPO Logistics in a report on Thursday, September 7th. Finally, Credit Suisse Group upped their price target on shares of XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, September 29th.
Shares of XPO Logistics (NYSE XPO) opened at $76.65 on Thursday. XPO Logistics has a 1-year low of $42.07 and a 1-year high of $77.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $9,190.00, a PE ratio of 44.24, a price-to-earnings-growth ratio of 1.10 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the company earned $0.41 EPS. XPO Logistics’s revenue was up 4.7% on a year-over-year basis. equities research analysts anticipate that XPO Logistics will post 1.92 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its holdings in XPO Logistics by 3.1% in the third quarter. Public Employees Retirement System of Ohio now owns 51,291 shares of the transportation company’s stock worth $3,477,000 after buying an additional 1,556 shares during the last quarter. Independent Advisor Alliance acquired a new position in XPO Logistics in the third quarter worth approximately $279,000. California Public Employees Retirement System increased its holdings in XPO Logistics by 5.4% in the third quarter. California Public Employees Retirement System now owns 183,338 shares of the transportation company’s stock worth $12,427,000 after buying an additional 9,338 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in XPO Logistics in the third quarter worth approximately $560,000. Finally, Janney Capital Management LLC acquired a new position in XPO Logistics in the third quarter worth approximately $338,000. Hedge funds and other institutional investors own 94.57% 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.
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