Traders Buy XPO Logistics Inc. (XPO) on Weakness
Investors bought shares of XPO Logistics Inc. (NYSE:XPO) on weakness during trading on Tuesday. $10.33 million flowed into the stock on the tick-up and $5.96 million flowed out of the stock on the tick-down, for a money net flow of $4.37 million into the stock. Of all companies tracked, XPO Logistics had the 50th highest net in-flow for the day. XPO Logistics traded down ($0.04) for the day and closed at $36.07
A number of brokerages have recently issued reports on XPO. Stifel Nicolaus upped their price objective on shares of XPO Logistics from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating on shares of XPO Logistics in a research note on Wednesday, June 22nd. Buckingham Research began coverage on shares of XPO Logistics in a research note on Tuesday, May 17th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Wells Fargo & Co. began coverage on shares of XPO Logistics in a research note on Tuesday, May 10th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $44.31.
The company has a 50 day moving average of $32.37 and a 200-day moving average of $29.30. The company’s market capitalization is $3.98 billion.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.15. The business earned $3.68 billion during the quarter. The business’s revenue was up 202.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) EPS. Equities analysts predict that XPO Logistics Inc. will post $1.01 earnings per share for the current year.
In related news, major shareholder Private Ltd Gic sold 550,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $36.82, for a total value of $20,251,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the business’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $26.20, for a total transaction of $104,800,000.00. Following the completion of the sale, the insider now 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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