XPO Logistics Inc (NYSE:XPO) – Analysts at KeyCorp increased their Q3 2019 EPS estimates for XPO Logistics in a research note issued to investors on Sunday, August 4th, according to Zacks Investment Research. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $1.11 per share for the quarter, up from their prior forecast of $1.00. KeyCorp also issued estimates for XPO Logistics’ Q4 2019 earnings at $0.91 EPS and FY2019 earnings at $3.75 EPS.
A number of other equities research analysts also recently commented on XPO. Stephens increased their price objective on shares of XPO Logistics from $64.00 to $71.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Zacks Investment Research downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Barclays raised their price objective on shares of XPO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Jefferies Financial Group raised their price objective on shares of XPO Logistics from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. They noted that the move was a valuation call. Finally, Raymond James reissued an “outperform” rating and set a $78.00 price objective (up from $68.00) on shares of XPO Logistics in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. XPO Logistics has an average rating of “Buy” and a consensus price target of $83.17.
XPO Logistics stock traded up $2.22 during mid-day trading on Wednesday, reaching $69.84. 954,641 shares of the company’s stock were exchanged, compared to its average volume of 2,161,185. XPO Logistics has a twelve month low of $41.05 and a twelve month high of $116.27. The company has a fifty day moving average of $65.45 and a 200-day moving average of $58.55. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.35. The company has a market cap of $6.23 billion, a P/E ratio of 21.89, a P/E/G ratio of 0.57 and a beta of 2.39.
XPO Logistics (NYSE:XPO) last released its earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.24. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.37 billion. XPO Logistics had a net margin of 2.16% and a return on equity of 11.92%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS.
Several hedge funds and other institutional investors have recently made changes to their positions in XPO. Atria Investments LLC grew its holdings in XPO Logistics by 6.3% in the second quarter. Atria Investments LLC now owns 5,647 shares of the transportation company’s stock valued at $367,000 after purchasing an additional 337 shares during the period. Barings LLC acquired a new position in XPO Logistics during the second quarter valued at approximately $630,000. Royal Bank of Canada lifted its position in XPO Logistics by 8.0% during the second quarter. Royal Bank of Canada now owns 114,984 shares of the transportation company’s stock valued at $6,647,000 after buying an additional 8,527 shares in the last quarter. Verition Fund Management LLC lifted its position in XPO Logistics by 210.1% during the second quarter. Verition Fund Management LLC now owns 39,488 shares of the transportation company’s stock valued at $2,283,000 after buying an additional 26,753 shares in the last quarter. Finally, Concourse Capital Management LLC lifted its position in XPO Logistics by 22.0% during the second quarter. Concourse Capital Management LLC now owns 69,870 shares of the transportation company’s stock valued at $4,039,000 after buying an additional 12,620 shares in the last quarter. Hedge funds and other institutional investors own 88.29% 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.