XPO Logistics (NYSE:XPO) Trading Up 6.2%

XPO Logistics Inc (NYSE:XPO) shares were up 6.2% on Friday . The company traded as high as $59.01 and last traded at $58.41, approximately 1,436,151 shares changed hands during trading. A decline of 41% from the average daily volume of 2,415,448 shares. The stock had previously closed at $55.02.

A number of equities research analysts recently weighed in on XPO shares. Oppenheimer lifted their price objective on shares of XPO Logistics from $65.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Zacks Investment Research lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. ValuEngine upgraded shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. Morgan Stanley set a $36.00 price objective on shares of ArcBest and gave the company a “hold” rating in a report on Monday. Finally, Goldman Sachs Group lowered shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $82.80.

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.92. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 0.53 and a beta of 2.34. The firm’s fifty day moving average price is $55.03.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that XPO Logistics Inc will post 3.51 earnings per share for the current year.

Several institutional investors have recently modified their holdings of XPO. Patten & Patten Inc. TN purchased a new stake in shares of XPO Logistics in the 2nd quarter valued at $385,000. Douglas Lane & Associates LLC boosted its holdings in shares of XPO Logistics by 2.0% in the 2nd quarter. Douglas Lane & Associates LLC now owns 969,095 shares of the transportation company’s stock valued at $56,023,000 after acquiring an additional 18,854 shares during the last quarter. First American Trust FSB boosted its holdings in shares of XPO Logistics by 6.5% in the 2nd quarter. First American Trust FSB now owns 46,420 shares of the transportation company’s stock valued at $2,684,000 after acquiring an additional 2,816 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in shares of XPO Logistics by 294.4% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 38,003 shares of the transportation company’s stock valued at $2,042,000 after acquiring an additional 28,368 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of XPO Logistics by 38,838.0% in the 1st quarter. MetLife Investment Advisors LLC now owns 66,584 shares of the transportation company’s stock valued at $3,578,000 after acquiring an additional 66,413 shares during the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

XPO Logistics Company Profile (NYSE:XPO)

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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