XPO Logistics (NYSE:XPO) Downgraded by ValuEngine to “Sell”

XPO Logistics (NYSE:XPO) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer upped their price target on shares of XPO Logistics from $79.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley reiterated a “hold” rating and set a $84.00 price objective on shares of XPO Logistics in a research report on Thursday, November 7th. Barclays boosted their target price on shares of XPO Logistics from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Credit Suisse Group increased their target price on XPO Logistics from $79.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Zacks Investment Research restated a “hold” rating on shares of XPO Logistics in a report on Saturday, October 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $84.00.

Shares of NYSE:XPO opened at $82.55 on Tuesday. XPO Logistics has a one year low of $41.05 and a one year high of $86.47. The stock has a fifty day moving average of $81.90 and a 200-day moving average of $68.71. The company has a market capitalization of $7.59 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 0.67 and a beta of 2.50. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.07 and a current ratio of 1.07.

XPO Logistics (NYSE:XPO) last issued its earnings results on Monday, October 28th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.15. XPO Logistics had a return on equity of 13.87% and a net margin of 2.31%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, research analysts forecast that XPO Logistics will post 4 EPS for the current fiscal year.

In related news, major shareholder Spruce House Partnership Lp sold 150,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $83.82, for a total transaction of $12,573,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 552,900 shares of company stock valued at $46,723,803. Insiders own 18.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lansing Management LP lifted its holdings in XPO Logistics by 0.8% in the 3rd quarter. Lansing Management LP now owns 113,251 shares of the transportation company’s stock worth $8,105,000 after purchasing an additional 900 shares during the last quarter. Man Group plc boosted its holdings in shares of XPO Logistics by 415.1% during the 3rd quarter. Man Group plc now owns 52,361 shares of the transportation company’s stock worth $3,748,000 after buying an additional 42,196 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of XPO Logistics by 62.2% during the 3rd quarter. Squarepoint Ops LLC now owns 34,514 shares of the transportation company’s stock worth $2,470,000 after buying an additional 13,234 shares during the period. black and white Capital LP acquired a new position in XPO Logistics in the 3rd quarter valued at $13,598,000. Finally, National Pension Service grew its stake in XPO Logistics by 5.5% in the 3rd quarter. National Pension Service now owns 179,765 shares of the transportation company’s stock valued at $12,866,000 after buying an additional 9,387 shares during the last quarter.

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.

See Also: What is required to own or exchange cryptocurrency?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for XPO Logistics (NYSE:XPO)

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.