XPO Logistics, Inc. (NYSE:XPO) Receives Consensus Rating of “Buy” from Brokerages

Shares of XPO Logistics, Inc. (NYSE:XPOGet Rating) have been assigned an average recommendation of “Buy” from the twenty-two analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $97.81.

A number of equities research analysts recently commented on XPO shares. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Thursday, April 28th. JPMorgan Chase & Co. lowered their price target on shares of XPO Logistics from $94.00 to $90.00 in a report on Friday, April 8th. Stifel Nicolaus lowered their price target on shares of XPO Logistics to $92.00 and set a “buy” rating on the stock in a report on Tuesday, March 29th. StockNews.com started coverage on shares of XPO Logistics in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Raymond James lowered their price target on shares of XPO Logistics from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, April 20th.

XPO Logistics stock opened at $54.58 on Friday. XPO Logistics has a 52 week low of $51.80 and a 52 week high of $90.78. The company’s 50 day moving average price is $65.62 and its two-hundred day moving average price is $71.21. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.09. The stock has a market cap of $6.28 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.90 and a beta of 2.07.

XPO Logistics (NYSE:XPOGet Rating) last posted its earnings results on Tuesday, February 8th. The transportation company reported $1.34 EPS for the quarter, topping the consensus estimate of $0.99 by $0.35. XPO Logistics had a net margin of 2.04% and a return on equity of 31.71%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the firm earned $1.19 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that XPO Logistics will post 5.22 EPS for the current year.

In other news, major shareholder Jacobs Private Equity, Llc sold 5,447,500 shares of the business’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $55.80, for a total transaction of $303,970,500.00. Following the completion of the transaction, the insider now directly owns 6,468,201 shares in the company, valued at approximately $360,925,615.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.80% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators grew its position in XPO Logistics by 216.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 395 shares of the transportation company’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Prospera Financial Services Inc purchased a new position in XPO Logistics in the first quarter worth $32,000. First Community Trust NA purchased a new position in XPO Logistics in the fourth quarter worth $39,000. Allworth Financial LP grew its position in XPO Logistics by 155.5% in the first quarter. Allworth Financial LP now owns 580 shares of the transportation company’s stock worth $42,000 after acquiring an additional 353 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in XPO Logistics by 5,175.0% in the first quarter. Parallel Advisors LLC now owns 633 shares of the transportation company’s stock worth $48,000 after acquiring an additional 621 shares in the last quarter. Institutional investors own 99.18% of the company’s stock.

About XPO Logistics (Get Rating)

XPO Logistics, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services.

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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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