XPO Logistics Inc. (NYSE:XPO) shares fell 3% during trading on Thursday . The stock traded as low as $26.30 and last traded at $26.51, with a volume of 1,026,250 shares traded. The stock had previously closed at $27.32.

Several research firms have weighed in on XPO. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of XPO Logistics in a research report on Wednesday, May 4th. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, May 11th. Buckingham Research began coverage on shares of XPO Logistics in a research report on Tuesday, May 17th. They set a “buy” rating and a $38.00 target price on the stock. Wells Fargo & Co. began coverage on shares of XPO Logistics in a research report on Tuesday, May 10th. They set a “buy” rating on the stock. Finally, Deutsche Bank AG reissued a “buy” rating on shares of XPO Logistics in a research report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.50.

The firm’s market cap is $2.90 billion. The company’s 50 day moving average is $27.32 and its 200-day moving average is $26.95.

XPO Logistics (NYSE:XPO) last released its earnings results on Tuesday, May 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.09. During the same quarter in the previous year, the company posted ($0.13) EPS. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.56 billion. The business’s revenue was up 404.4% on a year-over-year basis. On average, analysts predict that XPO Logistics Inc. will post $0.75 earnings per share for the current fiscal year.

Other hedge funds have added to or reduced their stakes in the company. Oakmont Corp acquired a new stake in XPO Logistics during the fourth quarter valued at about $16,888,000. Dimensional Fund Advisors LP raised its stake in XPO Logistics by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,225 shares of the company’s stock valued at $27,687,000 after buying an additional 68,204 shares in the last quarter. GAM Holding AG raised 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 valued at $5,225,000 after buying an additional 73,369 shares in the last quarter. Rhumbline Advisers raised its stake in XPO Logistics by 6.7% in the fourth quarter. Rhumbline Advisers now owns 77,478 shares of the company’s stock valued at $2,111,000 after buying an additional 4,860 shares in the last quarter. Finally, Swiss National Bank raised 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 valued at $3,439,000 after buying an additional 21,750 shares in the last quarter.

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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