XPO Logistics (NYSE:XPO) Rating Lowered to Hold at Zacks Investment Research

XPO Logistics (NYSE:XPO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan. “

Other equities analysts have also issued research reports about the company. Morgan Stanley set a $68.00 target price on XPO Logistics and gave the company a “hold” rating in a research note on Monday, July 8th. Loop Capital lowered XPO Logistics from a “buy” rating to a “hold” rating and increased their target price for the company from $65.00 to $70.00 in a research note on Monday. Goldman Sachs Group began coverage on XPO Logistics in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $65.00 target price on the stock. Jefferies Financial Group increased their target price on XPO Logistics from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Finally, Barclays increased their target price on XPO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.41.

NYSE:XPO traded down $2.41 during mid-day trading on Friday, hitting $68.07. The company had a trading volume of 57,781 shares, compared to its average volume of 1,406,720. XPO Logistics has a fifty-two week low of $41.05 and a fifty-two week high of $116.27. The company has a fifty day moving average price of $60.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 0.59 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 for the quarter, beating the consensus estimate of $1.04 by $0.24. XPO Logistics had a return on equity of 11.92% and a net margin of 2.16%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts anticipate that XPO Logistics will post 3.81 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Meridian Wealth Management LLC bought a new position in shares of XPO Logistics during the first quarter worth about $34,000. Steward Partners Investment Advisory LLC bought a new stake in XPO Logistics during the 2nd quarter worth $74,000. Parallel Advisors LLC grew its position in XPO Logistics by 2,161.3% during the 1st quarter. Parallel Advisors LLC now owns 1,402 shares of the transportation company’s stock worth $75,000 after acquiring an additional 1,340 shares during the last quarter. AdvisorNet Financial Inc grew its position in XPO Logistics by 54.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,451 shares of the transportation company’s stock worth $84,000 after acquiring an additional 514 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in XPO Logistics by 100.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the transportation company’s stock worth $107,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

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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