XPO Logistics, Inc. (NYSE:XPO) – Equities research analysts at Oppenheimer Holdings cut their Q3 2017 earnings estimates for shares of XPO Logistics in a note issued to investors on Wednesday. Oppenheimer Holdings analyst S. Schneeberger now expects that the transportation company will post earnings of $0.55 per share for the quarter, down from their previous forecast of $0.58. Oppenheimer Holdings currently has a “Outperform” rating and a $72.00 target price on the stock. Oppenheimer Holdings also issued estimates for XPO Logistics’ Q4 2017 earnings at $0.40 EPS and FY2018 earnings at $2.76 EPS.
Several other research analysts have also weighed in on XPO. Stifel Nicolaus increased their price objective on XPO Logistics from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Credit Suisse Group increased their price objective on XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Morgan Stanley increased their price objective on XPO Logistics from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. CIBC increased their price objective on XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $60.00 price objective on shares of XPO Logistics in a research report on Monday, May 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $66.73.
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Shares of XPO Logistics (NYSE XPO) opened at 55.63 on Friday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 63.72 and a beta of 2.31. XPO Logistics has a 52 week low of $31.68 and a 52 week high of $65.44. The company’s 50 day moving average price is $60.94 and its 200-day moving average price is $53.43.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $0.42 EPS. XPO Logistics’s quarterly revenue was up 2.1% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. Teachers Advisors LLC raised its position in XPO Logistics by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 197,662 shares of the transportation company’s stock valued at $8,531,000 after buying an additional 27,360 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new stake in shares of XPO Logistics during the first quarter valued at about $232,000. Rice Hall James & Associates LLC bought a new stake in shares of XPO Logistics during the first quarter valued at about $1,581,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after buying an additional 6,465 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.
XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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