Will Investors Now Sell XPO Logistics (NYSE:XPO) Stock Following Today’s, BofA Merrill Downgrades?

June 14, 2018 - By Kristen Paramore

XPO Logistics, Inc. (NYSE:XPO) Logo

Investors sentiment decreased to 1.04 in Q1 2018. Its down 0.38, from 1.42 in 2017Q4. It turned negative, as 35 investors sold XPO Logistics, Inc. shares while 136 reduced holdings. 75 funds opened positions while 102 raised stakes. 94.39 million shares or 4.39% less from 98.73 million shares in 2017Q4 were reported.

Northern Tru Corporation holds 0.01% of its portfolio in XPO Logistics, Inc. (NYSE:XPO) for 525,740 shares. Alliancebernstein L P has 0.06% invested in XPO Logistics, Inc. (NYSE:XPO) for 854,250 shares. Oakbrook Limited Liability Corporation has 0.01% invested in XPO Logistics, Inc. (NYSE:XPO). Eulav Asset Mgmt holds 0.12% or 24,000 shares in its portfolio. Comerica Bank & Trust owns 4,530 shares. Driehaus Cap Ltd Co holds 299,597 shares. Bluecrest Capital Mgmt Ltd invested in 0.32% or 102,111 shares. Raymond James Fincl Ser Inc owns 25,021 shares for 0.01% of their portfolio. California Public Employees Retirement Systems holds 0.03% in XPO Logistics, Inc. (NYSE:XPO) or 229,353 shares. Castleark Ltd Company holds 1.48% in XPO Logistics, Inc. (NYSE:XPO) or 459,041 shares. Sg Cap Limited Company has 2.28% invested in XPO Logistics, Inc. (NYSE:XPO). Winch Advisory Services Ltd has invested 0.02% of its portfolio in XPO Logistics, Inc. (NYSE:XPO). Noesis Cap Mangement Corp invested in 2,700 shares or 0.1% of the stock. Cubist Systematic Strategies Ltd Liability Corporation reported 71,856 shares. Hsbc Public Ltd Co stated it has 0% in XPO Logistics, Inc. (NYSE:XPO).

XPO Logistics (NYSE:XPO) Receives a Downgrade

In a research note revealed to clients and investors on Thursday, 14 June, stock analysts at BofA Merrill’s research division cut the rating for XPO Logistics (NYSE:XPO) shares from the previous Buy to a Neutral.

XPO Logistics, Inc. (NYSE:XPO) Ratings Coverage

Among 14 analysts covering XPO Logistics (NYSE:XPO), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. XPO Logistics has $133 highest and $85.0 lowest target. $115.14’s average target is 2.91% above currents $111.88 stock price. XPO Logistics had 23 analyst reports since December 19, 2017 according to SRatingsIntel. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, January 11. The rating was maintained by Credit Suisse with “Outperform” on Friday, February 9. Cowen & Co maintained the shares of XPO in report on Tuesday, December 19 with “Buy” rating. The stock of XPO Logistics, Inc. (NYSE:XPO) earned “Hold” rating by Stephens on Monday, January 8. The firm has “Buy” rating given on Wednesday, February 7 by Oppenheimer. The stock of XPO Logistics, Inc. (NYSE:XPO) earned “Outperform” rating by Macquarie Research on Wednesday, December 27. Morgan Stanley maintained XPO Logistics, Inc. (NYSE:XPO) on Tuesday, February 13 with “Overweight” rating. Bank of America maintained it with “Buy” rating and $100 target in Thursday, February 8 report. The stock of XPO Logistics, Inc. (NYSE:XPO) earned “Hold” rating by Stephens on Friday, February 9. Oppenheimer maintained the shares of XPO in report on Thursday, May 3 with “Buy” rating.

The stock decreased 1.25% or $1.42 during the last trading session, reaching $111.88. About 813,094 shares traded. XPO Logistics, Inc. (NYSE:XPO) has risen 102.78% since June 14, 2017 and is uptrending. It has outperformed by 90.21% the S&P500.

Analysts await XPO Logistics, Inc. (NYSE:XPO) to report earnings on August, 1. They expect $1.00 EPS, up 66.67 % or $0.40 from last year’s $0.6 per share. XPO’s profit will be $120.65 million for 27.97 P/E if the $1.00 EPS becomes a reality. After $0.61 actual EPS reported by XPO Logistics, Inc. for the previous quarter, Wall Street now forecasts 63.93 % EPS growth.

XPO Logistics, Inc. provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, Asia, and internationally. The company has market cap of $13.50 billion. The companyÂ’s Transportation segment offers freight brokerage, last mile, drayage, expedite, less-than truckload, intermodal, truckload, and forwarding services; and time-critical, time-sensitive, or high priority freight shipment services. It has a 40.39 P/E ratio. The Company’s Logistics segment provides contract logistics services, including engineered and customized solutions, value-added warehousing and distribution, cold chain solutions, omni-channel distribution, reverse logistics, transportation management, freight bill audit and payment, lean manufacturing support, aftermarket support, and supply chain optimization solutions to firms and government agencies.

More important recent XPO Logistics, Inc. (NYSE:XPO) news were published by: Fool.com which released: “3 Growth Stocks That Could Put Shopify’s Returns to Shame” on May 29, 2018, also 247Wallst.com published article titled: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …”, Investorplace.com published: “XPO Logistics Inc Is an Unknown Stock That Should Be in Your Top 5” on May 25, 2018. More interesting news about XPO Logistics, Inc. (NYSE:XPO) was released by: Fool.com and their article: “Is There a Speed Bump Ahead for XPO Logistics?” with publication date: June 13, 2018.

XPO Logistics, Inc. (NYSE:XPO) Institutional Positions Chart

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