XPO Logistics Inc. (XPO) Trading Up 1.9%
XPO Logistics Inc. (NYSE:XPO) was up 1.9% on Friday . The company traded as high as $36.71 and last traded at $36.70, with a volume of 1,007,487 shares traded. The stock had previously closed at $36.00.
A number of equities research analysts have recently weighed in on XPO shares. Zacks Investment Research raised XPO Logistics from a “strong sell” rating to a “hold” rating in a report on Thursday, April 28th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of XPO Logistics in a report on Wednesday, May 4th. Wells Fargo & Co. started coverage on XPO Logistics in a report on Tuesday, May 10th. They set a “buy” rating for the company. Buckingham Research started coverage on XPO Logistics in a report on Tuesday, May 17th. They set a “buy” rating and a $38.00 target price for the company. Finally, Deutsche Bank AG reissued a “buy” rating on shares of XPO Logistics in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $43.15.
The stock’s market cap is $4.06 billion. The firm has a 50 day moving average of $30.42 and a 200-day moving average of $28.53.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. The firm had revenue of $3.68 billion for the quarter. During the same quarter in the previous year, the company earned ($0.16) earnings per share. XPO Logistics’s revenue was up 202.9% on a year-over-year basis. On average, equities analysts anticipate that XPO Logistics Inc. will post $0.99 EPS for the current year.
In related news, major shareholder Private Ltd Gic sold 310,000 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $36.75, for a total transaction of $11,392,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $26.20, for a total value of $104,800,000.00. Following the sale, the insider now directly owns 9,637,746 shares in the company, valued at approximately $252,508,945.20. The disclosure for this sale can be found here.
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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