XPO Logistics (NYSE:XPO) Trading 6.2% Higher

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

A number of equities analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of XPO Logistics from $65.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Deutsche Bank boosted their price target on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a “hold” rating in a research report on Monday, July 8th. Cowen set a $150.00 price target on shares of Tesla and gave the company a “sell” rating in a research report on Friday, May 3rd. Finally, Barclays boosted their price target on shares of Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. XPO Logistics currently has an average rating of “Buy” and a consensus target price 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 stock has a 50 day moving average price of $55.03. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 0.56 and a beta of 2.34.

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

A number of large investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in XPO Logistics by 20.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock worth $59,000 after acquiring an additional 176 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in XPO Logistics by 0.7% during the first quarter. State of Alaska Department of Revenue now owns 29,891 shares of the transportation company’s stock worth $1,605,000 after acquiring an additional 215 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in XPO Logistics by 3.6% during the fourth quarter. Standard Life Aberdeen plc now owns 6,681 shares of the transportation company’s stock worth $374,000 after acquiring an additional 231 shares in the last quarter. Cohen & Steers Inc. boosted its stake in XPO Logistics by 51.8% during the fourth quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock worth $77,000 after acquiring an additional 460 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in XPO Logistics by 4.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 10,890 shares of the transportation company’s stock worth $585,000 after acquiring an additional 462 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Cost of Equity

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.