XPO Logistics (NYSE:XPO) Lowered to “Sell” at ValuEngine

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

Several other analysts have also issued reports on the stock. Stifel Nicolaus lifted their target price on shares of XPO Logistics from $83.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of XPO Logistics from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. They noted that the move was a valuation call. Citigroup raised their price target on shares of XPO Logistics from $86.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America cut XPO Logistics from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $76.00 to $87.00 in a report on Wednesday, October 30th. Finally, Loop Capital lowered XPO Logistics from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $65.00 to $70.00 in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $83.76.

Shares of NYSE:XPO traded down $1.27 during midday trading on Wednesday, reaching $82.25. 797,349 shares of the company’s stock traded hands, compared to its average volume of 1,833,487. The company has a fifty day simple moving average of $78.01 and a two-hundred day simple moving average of $66.63. XPO Logistics has a 1 year low of $41.05 and a 1 year high of $86.47. The company has a market cap of $7.72 billion, a P/E ratio of 25.78, a PEG ratio of 0.68 and a beta of 2.48. 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 quarterly earnings results on Monday, October 28th. The transportation company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.27 billion. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. As a group, research analysts forecast that XPO Logistics will post 3.99 EPS for the current fiscal year.

In other XPO Logistics news, major shareholder Spruce House Partnership Lp sold 150,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $85.93, for a total transaction of $12,889,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jason D. Papastavrou acquired 1,375 shares of the stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $75.42 per share, for a total transaction of $103,702.50. Following the purchase, the director now directly owns 13,875 shares of the company’s stock, valued at approximately $1,046,452.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 552,900 shares of company stock valued at $46,723,803. 18.70% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of XPO. Quadrant Capital Group LLC boosted its position in shares of XPO Logistics by 223.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 692 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 478 shares during the last quarter. NEXT Financial Group Inc raised its stake in XPO Logistics by 27.9% during the third quarter. NEXT Financial Group Inc now owns 995 shares of the transportation company’s stock worth $71,000 after purchasing an additional 217 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in XPO Logistics in the 2nd quarter valued at about $74,000. Meridian Wealth Management LLC boosted its holdings in XPO Logistics by 160.0% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,625 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MUFG Americas Holdings Corp purchased a new stake in shares of XPO Logistics in the 2nd quarter valued at approximately $98,000.

About XPO Logistics

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.

Further Reading: How is the LIBOR rate calculated?

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.