XPO Logistics, Inc. (NYSE:XPO) – Equities researchers at KeyCorp increased their FY2016 earnings per share estimates for shares of XPO Logistics in a report released on Wednesday. KeyCorp analyst T. Fowler now expects that the firm will earn $1.03 per share for the year, up from their previous forecast of $1.00. KeyCorp also issued estimates for XPO Logistics’ Q1 2017 earnings at $0.13 EPS, Q2 2017 earnings at $0.62 EPS, Q3 2017 earnings at $0.67 EPS, Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.82 EPS and FY2018 earnings at $2.74 EPS.

Several other brokerages also recently commented on XPO. Stephens raised shares of XPO Logistics from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, January 4th. Susquehanna Bancshares Inc initiated coverage on shares of XPO Logistics in a research note on Tuesday, December 20th. They issued a “positive” rating and a $60.00 price objective for the company. Citigroup Inc. set a $38.00 price objective on shares of XPO Logistics and gave the company a “buy” rating in a research note on Friday, October 28th. Cowen and Company increased their price objective on shares of XPO Logistics from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, December 6th. Finally, Deutsche Bank AG initiated coverage on shares of XPO Logistics in a research note on Wednesday, November 2nd. They issued a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. XPO Logistics currently has an average rating of “Buy” and a consensus target price of $52.50.

Earnings History and Estimates for XPO Logistics (NYSE:XPO)

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XPO Logistics (NYSE:XPO) opened at 49.58 on Thursday. The stock’s 50 day moving average is $44.98 and its 200-day moving average is $39.74. XPO Logistics has a 12 month low of $22.23 and a 12 month high of $51.35. The company’s market capitalization is $5.49 billion.

“FY2016 EPS Estimates for XPO Logistics, Inc. (XPO) Increased by Analyst” was first reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this news story can be read at http://www.watchlistnews.com/fy2016-eps-estimates-for-xpo-logistics-inc-xpo-increased-by-analyst/1121450.html.

A number of institutional investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd boosted its position in shares of XPO Logistics by 4.8% in the third quarter. Orbis Allan Gray Ltd now owns 21,029,225 shares of the company’s stock valued at $771,142,000 after buying an additional 961,879 shares during the period. Vanguard Group Inc. boosted its position in shares of XPO Logistics by 2.3% in the second quarter. Vanguard Group Inc. now owns 6,886,564 shares of the company’s stock valued at $180,841,000 after buying an additional 154,909 shares during the period. Zevenbergen Capital Investments LLC boosted its position in shares of XPO Logistics by 1.1% in the third quarter. Zevenbergen Capital Investments LLC now owns 3,877,230 shares of the company’s stock valued at $142,178,000 after buying an additional 40,430 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of XPO Logistics by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,987,213 shares of the company’s stock valued at $128,931,000 after buying an additional 242,107 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of XPO Logistics by 8.0% in the third quarter. BlackRock Fund Advisors now owns 2,544,538 shares of the company’s stock valued at $93,308,000 after buying an additional 189,064 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

About XPO Logistics

XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.

5 Day Chart for NYSE:XPO

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