Morgan Stanley set a $68.00 price target on XPO Logistics (NYSE:XPO) in a research note published on Monday, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.
Other research analysts have also recently issued reports about the company. Cowen set a $150.00 price objective on Tesla and gave the stock a sell rating in a research report on Friday, May 3rd. Barclays upped their price objective on Black Knight from $56.00 to $66.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. ValuEngine raised XPO Logistics from a strong sell rating to a sell rating in a research report on Thursday, April 4th. Deutsche Bank upped their price objective on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Finally, Zacks Investment Research cut Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Saturday, May 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. XPO Logistics currently has a consensus rating of Buy and an average target price of $82.80.
Shares of XPO stock traded up $0.42 on Monday, hitting $55.05. 61,835 shares of the stock were exchanged, compared to its average volume of 2,433,500. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 0.54 and a beta of 2.35. The business has a 50-day moving average of $54.97. XPO Logistics has a fifty-two week low of $41.05 and a fifty-two week high of $116.27.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.25 billion. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. XPO Logistics’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities research analysts expect that XPO Logistics will post 3.57 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Meridian Wealth Management LLC bought a new stake in XPO Logistics in the first quarter valued at approximately $34,000. Bronfman E.L. Rothschild L.P. raised its stake in XPO Logistics by 20.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after buying an additional 176 shares during the period. Parallel Advisors LLC raised its stake in XPO Logistics by 2,161.3% in the first quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock valued at $75,000 after buying an additional 1,340 shares during the period. Cohen & Steers Inc. raised its stake in XPO Logistics by 51.8% in the fourth quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock valued at $77,000 after buying an additional 460 shares during the period. Finally, Psagot Investment House Ltd. bought a new stake in XPO Logistics in the fourth quarter valued at approximately $94,000. 88.25% of the stock is owned by hedge funds and other institutional investors.
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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