Shares of XPO Logistics, Inc. (NYSE:XPO) have earned an average rating of “Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $66.36.
XPO has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 15th. Vertical Research initiated coverage on XPO Logistics in a report on Thursday, April 13th. They issued a “buy” rating and a $60.00 price objective for the company. Deutsche Bank AG reissued a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a report on Monday, June 5th. Bank of America Corporation initiated coverage on XPO Logistics in a report on Wednesday, June 28th. They issued a “buy” rating and a $72.00 price objective for the company. Finally, Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Friday, July 7th.
Shares of XPO Logistics (XPO) traded down 0.76% during trading on Friday, hitting $57.69. 2,239,290 shares of the company traded hands. The firm has a 50 day moving average price of $61.98 and a 200-day moving average price of $52.84. XPO Logistics has a one year low of $28.43 and a one year high of $65.44. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 66.39 and a beta of 2.31.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a return on equity of 6.59% and a net margin of 0.80%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Analysts predict that XPO Logistics will post $1.92 EPS for the current year.
Several large investors have recently bought and sold shares of XPO. Vanguard Group Inc. increased its position in XPO Logistics by 7.8% in the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after buying an additional 606,812 shares in the last quarter. BlackRock Inc. increased its position in XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares in the last quarter. FMR LLC increased its position in XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of XPO Logistics by 38.5% in the first quarter. Clearbridge Investments LLC now owns 1,432,620 shares of the transportation company’s stock worth $68,608,000 after buying an additional 398,346 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of XPO Logistics by 1.5% in the first quarter. Ameriprise Financial Inc. now owns 823,811 shares of the transportation company’s stock worth $39,452,000 after buying an additional 12,026 shares in the last quarter. 88.89% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “XPO Logistics, Inc. (NYSE:XPO) Given Consensus Recommendation of “Buy” by Analysts” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/05/xpo-logistics-inc-nysexpo-given-average-recommendation-of-buy-by-analysts-updated.html.
About XPO Logistics
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.
