XPO Logistics Inc. (XPO) Shares Up 4.4%

Shares of XPO Logistics Inc. (NYSE:XPO) shot up 4.4% during mid-day trading on Monday . The company traded as high as $26.42 and last traded at $26.11, with a volume of 708,628 shares trading hands. The stock had previously closed at $25.00.

A number of equities analysts have recently commented on the stock. Wells Fargo & Co. assumed coverage on shares of XPO Logistics in a research report on Tuesday, May 10th. They issued a “buy” rating on the stock. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of XPO Logistics in a research report on Monday, April 11th. JPMorgan Chase & Co. assumed coverage on shares of XPO Logistics in a research report on Monday. They issued an “overweight” rating and a $40.00 price target on the stock. Buckingham Research assumed coverage on shares of XPO Logistics in a research report on Tuesday, May 17th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $40.50.

The company’s 50 day moving average is $27.36 and its 200 day moving average is $26.96. The stock’s market cap is $2.87 billion.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.09. The company earned $3.55 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the company posted ($0.13) EPS. The company’s quarterly revenue was up 404.4% compared to the same quarter last year. Analysts expect that XPO Logistics Inc. will post $0.75 earnings per share for the current fiscal year.

Other large investors recently added to or reduced their stakes in the company. Oakmont Corp bought a new stake in XPO Logistics during the fourth quarter valued at approximately $16,888,000. California State Teachers Retirement System boosted its stake in XPO Logistics by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 132,497 shares of the company’s stock worth $3,611,000 after buying an additional 2,070 shares during the period. Swiss National Bank boosted its stake in XPO Logistics by 20.8% in the fourth quarter. Swiss National Bank now owns 126,214 shares of the company’s stock worth $3,439,000 after buying an additional 21,750 shares during the period. GAM Holding AG boosted its stake in XPO Logistics by 62.0% in the fourth quarter. GAM Holding AG now owns 191,715 shares of the company’s stock worth $5,225,000 after buying an additional 73,369 shares during the period. Finally, American Century Companies Inc. boosted its stake in XPO Logistics by 20.8% in the fourth quarter. American Century Companies Inc. now owns 281,358 shares of the company’s stock worth $7,667,000 after buying an additional 48,511 shares during the period.

XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.

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XPO Logistics Inc. (XPO) Shares Up 4.4%

Shares of XPO Logistics Inc. (NYSE:XPO) shot up 4.4% during mid-day trading on Monday . The company traded as high as $26.42 and last traded at $26.11, with a volume of 708,628 shares trading hands. The stock had previously closed at $25.00.

A number of equities analysts have recently commented on the stock. Wells Fargo & Co. assumed coverage on shares of XPO Logistics in a research report on Tuesday, May 10th. They issued a “buy” rating on the stock. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of XPO Logistics in a research report on Monday, April 11th. JPMorgan Chase & Co. assumed coverage on shares of XPO Logistics in a research report on Monday. They issued an “overweight” rating and a $40.00 price target on the stock. Buckingham Research assumed coverage on shares of XPO Logistics in a research report on Tuesday, May 17th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $40.50.

The company’s 50 day moving average is $27.36 and its 200 day moving average is $26.96. The stock’s market cap is $2.87 billion.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.09. The company earned $3.55 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the company posted ($0.13) EPS. The company’s quarterly revenue was up 404.4% compared to the same quarter last year. Analysts expect that XPO Logistics Inc. will post $0.75 earnings per share for the current fiscal year.

Other large investors recently added to or reduced their stakes in the company. Oakmont Corp bought a new stake in XPO Logistics during the fourth quarter valued at approximately $16,888,000. California State Teachers Retirement System boosted its stake in XPO Logistics by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 132,497 shares of the company’s stock worth $3,611,000 after buying an additional 2,070 shares during the period. Swiss National Bank boosted its stake in XPO Logistics by 20.8% in the fourth quarter. Swiss National Bank now owns 126,214 shares of the company’s stock worth $3,439,000 after buying an additional 21,750 shares during the period. GAM Holding AG boosted its stake in XPO Logistics by 62.0% in the fourth quarter. GAM Holding AG now owns 191,715 shares of the company’s stock worth $5,225,000 after buying an additional 73,369 shares during the period. Finally, American Century Companies Inc. boosted its stake in XPO Logistics by 20.8% in the fourth quarter. American Century Companies Inc. now owns 281,358 shares of the company’s stock worth $7,667,000 after buying an additional 48,511 shares during the period.

XPO Logistics, Inc is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods.

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