Brokerages Set XPO Logistics Inc (NYSE:XPO) PT at $84.06

XPO Logistics Inc (NYSE:XPO) has received an average recommendation of “Buy” from the nineteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $84.06.

XPO has been the topic of several recent research reports. Barclays upped their price objective on XPO Logistics from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Bank of America lowered XPO Logistics from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $76.00 to $87.00 in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on XPO Logistics from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. They noted that the move was a valuation call. TheStreet upgraded XPO Logistics from a “c+” rating to a “b” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price objective on XPO Logistics from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

In other news, major shareholder Spruce House Partnership Lp sold 252,900 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $84.07, for a total transaction of $21,261,303.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jason D. Papastavrou bought 1,375 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $75.42 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders have sold a total of 552,900 shares of company stock worth $46,723,803 in the last quarter. Insiders own 18.70% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Noesis Capital Mangement Corp purchased a new position in shares of XPO Logistics during the 3rd quarter valued at approximately $208,000. Morse Asset Management Inc purchased a new position in shares of XPO Logistics during the 3rd quarter valued at approximately $1,918,000. SG Americas Securities LLC lifted its position in shares of XPO Logistics by 397.8% during the 3rd quarter. SG Americas Securities LLC now owns 16,492 shares of the transportation company’s stock valued at $1,180,000 after buying an additional 13,179 shares in the last quarter. First Trust Advisors LP lifted its position in shares of XPO Logistics by 68.0% during the 3rd quarter. First Trust Advisors LP now owns 112,790 shares of the transportation company’s stock valued at $8,072,000 after buying an additional 45,644 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of XPO Logistics by 7.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,972 shares of the transportation company’s stock valued at $141,000 after buying an additional 138 shares in the last quarter.

NYSE:XPO traded down $0.23 during midday trading on Monday, hitting $82.02. The company’s stock had a trading volume of 399,148 shares, compared to its average volume of 1,827,530. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.07 and a quick ratio of 1.07. XPO Logistics has a fifty-two week low of $41.05 and a fifty-two week high of $86.47. The firm’s 50 day moving average is $78.25 and its 200-day moving average is $66.72. The firm has a market cap of $7.72 billion, a P/E ratio of 25.71, a P/E/G ratio of 0.68 and a beta of 2.48.

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

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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