XPO Logistics, Inc. (XPO) Stock Rating Reaffirmed by Morgan Stanley

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.

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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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