Somewhat Positive Press Coverage Somewhat Unlikely to Affect XPO Logistics (XPO) Stock Price
News headlines about XPO Logistics (NYSE:XPO) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. XPO Logistics earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.221870383023 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
- XPO Logistics’ (XPO) Buy Rating Reaffirmed at KeyCorp (americanbankingnews.com)
- Zacks Investment Research Lowers XPO Logistics (XPO) to Hold (americanbankingnews.com)
- XPO Logistics Inc (XPO) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Credit Suisse Group Reaffirms Outperform Rating for XPO Logistics (XPO) (americanbankingnews.com)
- Oppenheimer Comments on XPO Logistics Inc’s Q1 2018 Earnings (XPO) (americanbankingnews.com)
Several brokerages have commented on XPO. Zacks Investment Research lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp restated a “buy” rating and issued a $110.00 price target on shares of XPO Logistics in a research note on Friday. Bank of America set a $103.00 price target on shares of XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Oppenheimer restated a “buy” rating and issued a $104.00 price target on shares of XPO Logistics in a research note on Tuesday, January 9th. Finally, Citigroup restated an “outperform” rating and issued a $104.00 price target (up previously from $85.00) on shares of XPO Logistics in a research note on Tuesday, January 9th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. XPO Logistics has a consensus rating of “Buy” and an average price target of $89.50.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. analysts forecast that XPO Logistics will post 1.93 EPS for the current year.
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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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