XPO Logistics’ (XPO) Hold Rating Reaffirmed at Zacks Investment Research

XPO Logistics (NYSE:XPO)‘s stock had its “hold” rating reiterated by Zacks Investment Research in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan. “

A number of other equities analysts also recently issued reports on the company. Raymond James reaffirmed an “outperform” rating and issued a $78.00 price target (up from $68.00) on shares of XPO Logistics in a report on Monday, August 5th. TheStreet raised XPO Logistics from a “c+” rating to a “b” rating in a report on Friday, August 2nd. Goldman Sachs Group initiated coverage on XPO Logistics in a report on Wednesday, July 10th. They issued a “neutral” rating and a $65.00 price target for the company. Jefferies Financial Group upped their price target on XPO Logistics from $92.00 to $98.00 and gave the company a “buy” rating in a report on Monday, August 5th. They noted that the move was a valuation call. Finally, Oppenheimer upped their price target on XPO Logistics from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and thirteen 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 $83.17.



Shares of XPO stock traded up $3.00 during trading hours on Friday, reaching $74.04. 970,264 shares of the stock were exchanged, compared to its average volume of 761,347. The business’s fifty day moving average is $70.92 and its two-hundred day moving average is $62.88. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.03 and a quick ratio of 1.03. XPO Logistics has a 12-month low of $41.05 and a 12-month high of $103.80. The firm has a market capitalization of $6.40 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.59 and a beta of 2.48.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.24. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.37 billion. XPO Logistics had a return on equity of 11.92% and a net margin of 2.16%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that XPO Logistics will post 3.82 earnings per share for the current fiscal year.

In other news, Director Jason D. Papastavrou acquired 1,375 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $75.42 per share, with a total value of $103,702.50. Following the completion of the acquisition, the director now owns 13,875 shares of the company’s stock, valued at $1,046,452.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 18.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new stake in shares of XPO Logistics in the first quarter valued at approximately $34,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of XPO Logistics during the second quarter worth approximately $74,000. AdvisorNet Financial Inc raised its stake in shares of XPO Logistics by 54.9% during the second quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock worth $84,000 after purchasing an additional 514 shares during the last quarter. MUFG Americas Holdings Corp purchased a new stake in shares of XPO Logistics during the second quarter worth approximately $98,000. Finally, Parallel Advisors LLC raised its stake in shares of XPO Logistics by 30.8% during the second quarter. Parallel Advisors LLC now owns 1,834 shares of the transportation company’s stock worth $106,000 after purchasing an additional 432 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

XPO Logistics Company Profile

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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