Morgan Stanley reaffirmed their overweight rating on shares of XPO Logistics, Inc. (NYSE:XPO) in a research note published on Tuesday, July 25th. They currently have a $75.00 price target on the transportation company’s stock, up from their previous price target of $60.00.
XPO has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. lifted their price target on XPO Logistics from $63.00 to $72.00 and gave the stock an outperform rating in a report on Tuesday, July 11th. BidaskClub upgraded XPO Logistics from a buy rating to a strong-buy rating in a report on Friday, June 16th. Zacks Investment Research cut XPO Logistics from a buy rating to a hold rating in a report on Thursday, July 13th. Vertical Research started coverage on shares of XPO Logistics in a research report on Thursday, April 13th. They set a buy rating and a $60.00 price objective for the company. Finally, Cowen and Company restated an outperform rating and set a $60.00 price objective on shares of XPO Logistics in a research report on Monday, May 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $66.73.
Shares of XPO Logistics (NYSE XPO) opened at 55.63 on Tuesday. The stock’s 50 day moving average price is $60.94 and its 200-day moving average price is $53.43. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 63.72 and a beta of 2.31. XPO Logistics has a 12 month low of $31.68 and a 12 month high of $65.44.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $0.42 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that XPO Logistics will post $1.92 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in XPO. Envestnet Asset Management Inc. increased its stake in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. increased its stake in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock worth $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can increased its stake in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares during the last quarter. Argent Trust Co acquired a new stake in XPO Logistics during the second quarter worth $205,000. Finally, Boston Advisors LLC acquired a new stake in XPO Logistics during the second quarter worth $212,000. Institutional investors own 88.06% of the company’s stock.
XPO Logistics Company Profile
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.
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