Shares of XPO Logistics Inc. (NYSE:XPO) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $42.20.
XPO has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on XPO Logistics in a research note on Monday, July 11th. They set an “overweight” rating and a $40.00 price objective for the company. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Oppenheimer Holdings Inc. increased their price target on XPO Logistics from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Deutsche Bank AG reissued a “buy” rating on shares of XPO Logistics in a research note on Wednesday, June 22nd. Finally, Stifel Nicolaus increased their price target on XPO Logistics from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 5th.
In other news, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the company’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $26.20, for a total transaction of $104,800,000.00. Following the completion of the sale, the insider now directly owns 9,637,746 shares of the company’s stock, valued at $252,508,945.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Private Ltd Gic sold 550,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $36.82, for a total value of $20,251,000.00. The disclosure for this sale can be found here. Insiders own 17.20% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd bought a new stake in shares of XPO Logistics during the first quarter valued at approximately $551,439,000. State Street Corp increased its stake in shares of XPO Logistics by 6.4% in the first quarter. State Street Corp now owns 1,539,732 shares of the company’s stock valued at $47,269,000 after buying an additional 92,544 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in shares of XPO Logistics by 5.8% in the second quarter. Douglas Lane & Associates LLC now owns 1,213,996 shares of the company’s stock valued at $31,880,000 after buying an additional 67,090 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of XPO Logistics by 12.5% in the first quarter. Loomis Sayles & Co. L P now owns 4,447 shares of the company’s stock valued at $137,000 after buying an additional 493 shares in the last quarter. Finally, Cupps Capital Management LLC increased its stake in shares of XPO Logistics by 14.2% in the first quarter. Cupps Capital Management LLC now owns 183,338 shares of the company’s stock valued at $5,628,000 after buying an additional 22,810 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.
Shares of XPO Logistics (NYSE:XPO) opened at 36.67 on Thursday. The firm’s market cap is $4.04 billion. XPO Logistics has a one year low of $18.04 and a one year high of $37.94. The company has a 50-day moving average of $35.58 and a 200 day moving average of $30.71.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. The firm earned $3.68 billion during the quarter. XPO Logistics had a positive return on equity of 0.14% and a negative net margin of 1.01%. XPO Logistics’s quarterly revenue was up 202.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) earnings per share. On average, equities research analysts expect that XPO Logistics will post $0.98 EPS for the current fiscal year.
About XPO Logistics
XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.
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