XPO Logistics (XPO) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of XPO Logistics (NYSE:XPO) from a hold rating to a sell rating in a research note published on Friday.

Several other equities analysts have also recently commented on the company. Morgan Stanley boosted their target price on XPO Logistics from $125.00 to $128.00 and gave the stock an overweight rating in a research report on Monday, November 5th. Credit Suisse Group reduced their target price on XPO Logistics from $125.00 to $119.00 and set an outperform rating for the company in a research report on Monday, November 5th. JPMorgan Chase & Co. reduced their target price on XPO Logistics from $140.00 to $130.00 and set an overweight rating for the company in a research report on Friday, November 2nd. KeyCorp reduced their target price on XPO Logistics from $115.00 to $110.00 and set an overweight rating for the company in a research report on Friday, November 2nd. Finally, Stifel Nicolaus upgraded XPO Logistics from a hold rating to a buy rating and set a $108.00 target price for the company in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. XPO Logistics has a consensus rating of Buy and an average price target of $117.40.

XPO Logistics stock opened at $66.46 on Friday. XPO Logistics has a 52 week low of $66.09 and a 52 week high of $116.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $8.44 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 0.53 and a beta of 2.49.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.09). XPO Logistics had a return on equity of 9.70% and a net margin of 3.04%. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. XPO Logistics’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts predict that XPO Logistics will post 3.33 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of XPO Logistics by 10.8% in the 1st quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock worth $1,484,000 after purchasing an additional 1,424 shares in the last quarter. United Services Automobile Association boosted its holdings in shares of XPO Logistics by 34.3% in the 2nd quarter. United Services Automobile Association now owns 21,321 shares of the transportation company’s stock worth $2,136,000 after purchasing an additional 5,449 shares in the last quarter. Kendall Capital Management boosted its holdings in shares of XPO Logistics by 36.0% in the 3rd quarter. Kendall Capital Management now owns 7,610 shares of the transportation company’s stock worth $869,000 after purchasing an additional 2,015 shares in the last quarter. Morgan Stanley boosted its holdings in shares of XPO Logistics by 9.5% in the 2nd quarter. Morgan Stanley now owns 1,037,587 shares of the transportation company’s stock worth $103,945,000 after purchasing an additional 90,218 shares in the last quarter. Finally, Marietta Investment Partners LLC boosted its holdings in shares of XPO Logistics by 534.6% in the 2nd quarter. Marietta Investment Partners LLC now owns 28,418 shares of the transportation company’s stock worth $2,847,000 after purchasing an additional 23,940 shares in the last quarter. Hedge funds and other institutional investors own 94.08% of the company’s stock.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.

Further Reading: What is an investor looking for in an SEC filing?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply