XPO Logistics (NYSE:XPO) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of XPO Logistics (NYSE:XPO) from a buy rating to a hold rating in a research note issued to investors on Friday morning, 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. “

Other research analysts also recently issued research reports about the stock. Raymond James reissued an outperform rating and set a $78.00 target price (up previously from $68.00) on shares of XPO Logistics in a research report on Monday, August 5th. Barclays raised their target price on shares of XPO Logistics from $65.00 to $70.00 and gave the company an overweight rating in a research report on Thursday, May 2nd. Jefferies Financial Group raised their target price on shares of XPO Logistics from $92.00 to $98.00 and gave the company a buy rating in a research report on Monday, August 5th. They noted that the move was a valuation call. Goldman Sachs Group started coverage on shares of XPO Logistics in a research report on Wednesday, July 10th. They set a neutral rating and a $65.00 target price on the stock. Finally, TheStreet raised shares of XPO Logistics from a c+ rating to a b rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. XPO Logistics presently has an average rating of Buy and an average price target of $83.41.

NYSE XPO traded down $2.82 during trading on Friday, reaching $67.66. 1,052,897 shares of the company’s stock traded hands, compared to its average volume of 1,395,074. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 0.58 and a beta of 2.39. The company has a 50 day simple moving average of $61.19. XPO Logistics has a 12-month low of $41.05 and a 12-month high of $116.27.

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

Several large investors have recently added to or reduced their stakes in XPO. BlackRock Inc. boosted its holdings in shares of XPO Logistics by 76.8% in the 1st quarter. BlackRock Inc. now owns 11,095,856 shares of the transportation company’s stock valued at $596,290,000 after buying an additional 4,818,377 shares in the last quarter. Bank of Montreal Can boosted its stake in XPO Logistics by 3,023.1% in the 1st quarter. Bank of Montreal Can now owns 497,603 shares of the transportation company’s stock worth $26,741,000 after purchasing an additional 514,626 shares in the last quarter. Principal Financial Group Inc. boosted its stake in XPO Logistics by 12,138.3% in the 1st quarter. Principal Financial Group Inc. now owns 472,153 shares of the transportation company’s stock worth $25,374,000 after purchasing an additional 468,295 shares in the last quarter. TD Asset Management Inc. boosted its stake in XPO Logistics by 137.3% in the 1st quarter. TD Asset Management Inc. now owns 787,132 shares of the transportation company’s stock worth $42,300,000 after purchasing an additional 455,360 shares in the last quarter. Finally, American International Group Inc. boosted its stake in XPO Logistics by 7,126.2% in the 1st quarter. American International Group Inc. now owns 218,809 shares of the transportation company’s stock worth $11,759,000 after purchasing an additional 215,781 shares in the last quarter. Institutional investors and hedge funds own 88.25% 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, 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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