XPO Logistics (NYSE:XPO) Earns “Hold” Rating from Morgan Stanley

Morgan Stanley restated their hold rating on shares of XPO Logistics (NYSE:XPO) in a research note released on Thursday, AnalystRatings.com reports. The brokerage currently has a $84.00 target price on the transportation company’s stock.

A number of other equities analysts have also commented on the stock. Barclays boosted their price objective on shares of XPO Logistics from $70.00 to $75.00 and gave the stock an overweight rating in a report on Tuesday, October 29th. Jefferies Financial Group upped their target price on shares of XPO Logistics from $92.00 to $98.00 and gave the company a buy rating in a research note on Monday, August 5th. They noted that the move was a valuation call. Raymond James restated an outperform rating and issued a $78.00 target price (up previously from $68.00) on shares of XPO Logistics in a research note on Monday, August 5th. Bank of America lowered shares of XPO Logistics from a buy rating to a neutral rating and upped their target price for the company from $76.00 to $87.00 in a research note on Wednesday, October 30th. Finally, Cowen upped their target price on shares of XPO Logistics from $84.00 to $92.00 and gave the company an outperform rating in a research note on Friday, August 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $83.53.

XPO stock traded down $0.05 during trading on Thursday, reaching $84.64. The stock had a trading volume of 569,713 shares, compared to its average volume of 1,865,079. XPO Logistics has a 1-year low of $41.05 and a 1-year high of $86.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $7.82 billion, a P/E ratio of 26.53, a PEG ratio of 0.69 and a beta of 2.48. The firm has a fifty day moving average price of $75.18 and a 200 day moving average price of $65.71.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Monday, October 28th. The transportation company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. Sell-side analysts predict that XPO Logistics will post 3.99 EPS for the current year.

In other XPO Logistics news, Director Jason D. Papastavrou acquired 1,375 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $75.42 per share, with a total value of $103,702.50. Following the transaction, the director now directly owns 13,875 shares in the company, valued at $1,046,452.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 18.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its stake in XPO Logistics by 223.4% during the third quarter. Quadrant Capital Group LLC now owns 692 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 478 shares during the last quarter. NEXT Financial Group Inc lifted its position in XPO Logistics by 27.9% in the 3rd quarter. NEXT Financial Group Inc now owns 995 shares of the transportation company’s stock worth $71,000 after buying an additional 217 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in XPO Logistics in the 2nd quarter worth approximately $74,000. AdvisorNet Financial Inc lifted its position in XPO Logistics by 54.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock worth $84,000 after buying an additional 514 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its position in XPO Logistics by 160.0% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,625 shares of the transportation company’s stock worth $94,000 after buying an additional 1,000 shares in the last quarter.

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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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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