XPO Logistics (NYSE:XPO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

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. “

Several other analysts have also commented on the stock. KeyCorp restated a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a research report on Friday. Credit Suisse Group restated an “outperform” rating and set a $106.00 price target (up previously from $79.00) on shares of XPO Logistics in a research report on Thursday. Oppenheimer restated a “buy” rating and set a $104.00 price target on shares of XPO Logistics in a research report on Tuesday. Citigroup restated an “outperform” rating and set a $104.00 price target (up previously from $85.00) on shares of XPO Logistics in a research report on Tuesday. Finally, Bank of America set a $103.00 price target on shares of XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $89.50.

XPO Logistics (NYSE XPO) traded up $0.19 during trading hours on Friday, hitting $95.01. 1,314,124 shares of the stock were exchanged, compared to its average volume of 1,790,000. The firm has a market capitalization of $11,390.00, a price-to-earnings ratio of 79.18, a P/E/G ratio of 0.87 and a beta of 2.51. XPO Logistics has a 1 year low of $42.07 and a 1 year high of $95.35. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. equities research analysts forecast that XPO Logistics will post 1.92 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new position in XPO Logistics during the second quarter valued at $1,147,000. Sit Investment Associates Inc. lifted its holdings in XPO Logistics by 2.7% during the fourth quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock valued at $2,336,000 after purchasing an additional 676 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in XPO Logistics by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after purchasing an additional 1,129 shares in the last quarter. Middleton & Co Inc MA lifted its holdings in XPO Logistics by 12.7% during the third quarter. Middleton & Co Inc MA now owns 10,305 shares of the transportation company’s stock valued at $698,000 after purchasing an additional 1,160 shares in the last quarter. Finally, L & S Advisors Inc lifted its holdings in XPO Logistics by 3.5% during the second quarter. L & S Advisors Inc now owns 36,345 shares of the transportation company’s stock valued at $2,349,000 after purchasing an additional 1,225 shares in the last quarter.

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XPO Logistics Company Profile

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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Analyst Recommendations for XPO Logistics (NYSE:XPO)

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