XPO Logistics (NYSE:XPO) Earns “Hold” Rating from Morgan Stanley

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Morgan Stanley reissued their hold rating on shares of XPO Logistics (NYSE:XPO) in a report issued on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $84.00 target price on the transportation company’s stock.

A number of other equities analysts also recently commented on XPO. Loop Capital downgraded shares of XPO Logistics from a buy rating to a hold rating and raised their price objective for the stock from $65.00 to $70.00 in a report on Monday, August 5th. ValuEngine raised shares of XPO Logistics from a sell rating to a hold rating in a report on Friday, August 2nd. Cowen raised their price objective on shares of XPO Logistics from $84.00 to $92.00 and gave the stock an outperform rating in a report on Friday, August 2nd. TheStreet raised shares of XPO Logistics from a c+ rating to a b rating in a report on Friday, August 2nd. Finally, Bank of America downgraded shares of XPO Logistics from a buy rating to a neutral rating and raised their price objective for the stock from $76.00 to $87.00 in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. XPO Logistics presently has a consensus rating of Buy and an average target price of $83.53.

XPO Logistics stock traded down $0.05 during mid-day trading on Thursday, reaching $84.64. The company had a trading volume of 569,713 shares, compared to its average volume of 1,865,079. The company has a 50 day moving average of $75.18 and a 200-day moving average of $65.71. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 0.69 and a beta of 2.48. XPO Logistics has a 52 week low of $41.05 and a 52 week high of $86.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.32.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Monday, October 28th. The transportation company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.27 billion. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, analysts predict that XPO Logistics will post 3.99 earnings per share for the current fiscal year.

In other news, Director Jason D. Papastavrou purchased 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $75.42 per share, with a total value of $103,702.50. Following the acquisition, the director now directly owns 13,875 shares of the company’s stock, valued at approximately $1,046,452.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of XPO. Lyrical Asset Management LP acquired a new stake in XPO Logistics in the 2nd quarter valued at about $176,926,000. Baupost Group LLC MA acquired a new stake in XPO Logistics in the 2nd quarter valued at about $86,715,000. ValueAct Holdings L.P. acquired a new stake in XPO Logistics in the 2nd quarter valued at about $57,810,000. North Peak Capital Management LLC acquired a new stake in XPO Logistics in the 2nd quarter valued at about $17,820,000. Finally, Nuveen Asset Management LLC acquired a new stake in XPO Logistics in the 2nd quarter valued at about $13,920,000.

About XPO Logistics

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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