XPO Logistics, Inc. (NYSE:XPO) – Equities research analysts at Oppenheimer Holdings lifted their FY2017 earnings estimates for shares of XPO Logistics in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst S. Schneeberger now forecasts that the transportation company will earn $1.84 per share for the year, up from their previous forecast of $1.79. Oppenheimer Holdings currently has a “Outperform” rating and a $72.00 price target on the stock. Oppenheimer Holdings also issued estimates for XPO Logistics’ FY2018 earnings at $2.78 EPS.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.14. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.55 billion.
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XPO has been the subject of a number of other research reports. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $78.00 price target (up previously from $65.00) on shares of XPO Logistics in a research report on Tuesday. KeyCorp upped their price target on XPO Logistics from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Credit Suisse Group upped their price target on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, CIBC upped their price target on XPO Logistics from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $64.81.
XPO Logistics (NYSE:XPO) opened at 63.02 on Wednesday. The stock’s 50 day moving average price is $57.65 and its 200-day moving average price is $50.03. The company has a market capitalization of $7.04 billion, a P/E ratio of 74.32 and a beta of 2.32. XPO Logistics has a 12 month low of $24.02 and a 12 month high of $65.44.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC raised its position in XPO Logistics by 78.0% in the first quarter. Nuveen Asset Management LLC now owns 10,912 shares of the transportation company’s stock worth $523,000 after buying an additional 4,780 shares during the period. Clearbridge Investments LLC increased its stake in shares of XPO Logistics by 38.5% in the first quarter. Clearbridge Investments LLC now owns 1,432,620 shares of the transportation company’s stock valued at $68,608,000 after buying an additional 398,346 shares in the last quarter. Driehaus Capital Management LLC increased its stake in shares of XPO Logistics by 18.3% in the first quarter. Driehaus Capital Management LLC now owns 152,883 shares of the transportation company’s stock valued at $7,322,000 after buying an additional 23,626 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of XPO Logistics by 2.0% in the first quarter. Macquarie Group Ltd. now owns 703,238 shares of the transportation company’s stock valued at $33,678,000 after buying an additional 13,641 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of XPO Logistics during the first quarter valued at approximately $214,000. 93.17% of the stock is owned by institutional investors.
About XPO Logistics
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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