FY2018 EPS Estimates for XPO Logistics, Inc. (XPO) Reduced by KeyCorp
XPO Logistics, Inc. (NYSE:XPO) – Equities research analysts at KeyCorp cut their FY2018 EPS estimates for XPO Logistics in a note issued to investors on Thursday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $2.85 for the year, down from their previous estimate of $2.90. KeyCorp currently has a “Buy” rating and a $75.00 price target on the stock.
A number of other equities analysts also recently issued reports on XPO. Cowen and Company upped their price target on XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday. Stifel Nicolaus upped their price target on XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday. Credit Suisse Group upped their price target on XPO Logistics from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of XPO Logistics in a research report on Monday, August 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $110.00 target price on shares of XPO Logistics in a research report on Friday. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $73.69.
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Shares of XPO Logistics (NYSE XPO) traded up $0.76 during mid-day trading on Monday, hitting $74.01. The stock had a trading volume of 490,003 shares, compared to its average volume of 1,399,779. The firm has a market capitalization of $8,760.70, a price-to-earnings ratio of 42.34, a P/E/G ratio of 1.06 and a beta of 2.47. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.48.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a return on equity of 7.34% and a net margin of 1.11%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share.
A number of large investors have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new stake in XPO Logistics in the second quarter valued at $1,147,000. Prudential Financial Inc. boosted its holdings in XPO Logistics by 1.5% in the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 150 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in XPO Logistics by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock valued at $576,000 after purchasing an additional 161 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in XPO Logistics by 1.6% in the second quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock valued at $704,000 after purchasing an additional 179 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in XPO Logistics by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 373 shares during the last quarter. 91.22% of the stock is currently 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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