XPO Logistics (XPO) Hits New 52-Week Low at $68.55

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XPO Logistics Inc (NYSE:XPO)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $68.55 and last traded at $71.45, with a volume of 81272 shares changing hands. The stock had previously closed at $71.91.

Several equities analysts recently commented on XPO shares. ValuEngine cut shares of XPO Logistics from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley upped their target price on shares of XPO Logistics from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, November 5th. KeyCorp cut their target price on shares of XPO Logistics from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Jefferies Financial Group started coverage on shares of XPO Logistics in a research note on Wednesday, October 3rd. They set a “buy” rating and a $145.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of XPO Logistics from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. XPO Logistics has a consensus rating of “Buy” and a consensus target price of $117.40.

The company has a market cap of $9.04 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 0.56 and a beta of 2.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 1.28.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.09). XPO Logistics had a net margin of 3.04% and a return on equity of 9.70%. The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts forecast that XPO Logistics Inc will post 3.33 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in XPO. Voya Investment Management LLC grew its holdings in shares of XPO Logistics by 87.8% in the 2nd quarter. Voya Investment Management LLC now owns 2,067,804 shares of the transportation company’s stock worth $207,153,000 after purchasing an additional 966,927 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of XPO Logistics by 1,019.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 894,315 shares of the transportation company’s stock worth $89,593,000 after purchasing an additional 814,403 shares during the last quarter. BlackRock Inc. grew its holdings in shares of XPO Logistics by 14.9% in the 2nd quarter. BlackRock Inc. now owns 5,831,257 shares of the transportation company’s stock worth $584,174,000 after purchasing an additional 758,293 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of XPO Logistics by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,997,991 shares of the transportation company’s stock worth $1,255,640,000 after purchasing an additional 721,707 shares during the last quarter. Finally, Senator Investment Group LP grew its holdings in shares of XPO Logistics by 54.8% in the 3rd quarter. Senator Investment Group LP now owns 1,650,000 shares of the transportation company’s stock worth $188,380,000 after purchasing an additional 584,028 shares during the last quarter. Institutional investors own 94.08% of the company’s stock.

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XPO Logistics Company Profile (NYSE:XPO)

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.

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