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 research firms have also commented on XPO. ValuEngine raised XPO Logistics from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Loop Capital lowered XPO Logistics from a “buy” rating to a “hold” rating and increased their price objective for the company from $65.00 to $70.00 in a research note on Monday, August 5th. Raymond James reaffirmed an “outperform” rating and set a $78.00 price objective (up previously from $68.00) on shares of XPO Logistics in a research note on Monday, August 5th. Oppenheimer increased their price objective on XPO Logistics from $73.00 to $79.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, TheStreet raised XPO Logistics from a “c+” rating to a “b” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and a consensus target price of $83.17.
Shares of XPO traded up $3.00 during trading hours on Friday, reaching $74.04. 970,264 shares of the company traded hands, compared to its average volume of 761,347. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $6.40 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 0.59 and a beta of 2.48. XPO Logistics has a fifty-two week low of $41.05 and a fifty-two week high of $103.80. The stock has a fifty day simple moving average of $70.92 and a 200 day simple moving average of $62.88.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data 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 analyst estimates of $4.37 billion. XPO Logistics had a return on equity of 11.92% and a net margin of 2.16%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. Research analysts predict that XPO Logistics will post 3.82 EPS for the current fiscal year.
In other XPO Logistics news, Director Jason D. Papastavrou purchased 1,375 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $75.42 per share, with a total value of $103,702.50. Following the purchase, the director now owns 13,875 shares in the company, valued at $1,046,452.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new position in shares of XPO Logistics in the 1st quarter valued at about $34,000. Steward Partners Investment Advisory LLC acquired a new position in shares of XPO Logistics in the 2nd quarter valued at about $74,000. AdvisorNet Financial Inc lifted its stake in shares of XPO Logistics by 54.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 514 shares in the last quarter. MUFG Americas Holdings Corp acquired a new position in shares of XPO Logistics in the 2nd quarter valued at about $98,000. Finally, Parallel Advisors LLC lifted its stake in shares of XPO Logistics by 30.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,834 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 432 shares in the last quarter. 88.29% of the stock is currently 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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