XPO Logistics (NYSE:XPO) Receives “Buy” Rating from Bank of America

XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by research analysts at Bank of America in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They presently have a $76.00 price target on the transportation company’s stock, up from their prior price target of $70.00. Bank of America‘s price objective indicates a potential upside of 5.60% from the stock’s current price.

XPO has been the topic of a number of other research reports. Zacks Investment Research restated a “sell” rating on shares of XPO Logistics in a report on Saturday, May 11th. Barclays raised their target price on XPO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. Cowen restated a “buy” rating and set a $84.00 target price on shares of XPO Logistics in a report on Thursday. Finally, Morgan Stanley set a $68.00 target price on XPO Logistics and gave the stock a “hold” rating in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $84.07.

Shares of XPO stock opened at $71.97 on Friday. The stock has a 50-day moving average price of $59.45. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 0.65 and a beta of 2.34. XPO Logistics has a 12 month low of $41.05 and a 12 month high of $116.27.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.24. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.37 billion. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. On average, analysts expect that XPO Logistics will post 3.51 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in XPO Logistics by 0.7% in the 1st quarter. State of Alaska Department of Revenue now owns 29,891 shares of the transportation company’s stock valued at $1,605,000 after purchasing an additional 215 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of XPO Logistics by 4.4% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 10,890 shares of the transportation company’s stock valued at $585,000 after acquiring an additional 462 shares during the period. AdvisorNet Financial Inc lifted its position in shares of XPO Logistics by 54.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 514 shares during the period. Gilman Hill Asset Management LLC lifted its position in shares of XPO Logistics by 5.4% during the 1st quarter. Gilman Hill Asset Management LLC now owns 11,255 shares of the transportation company’s stock valued at $605,000 after acquiring an additional 575 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in shares of XPO Logistics during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

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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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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