XPO Logistics Inc. (XPO) Stock Price Up 1.9%
XPO Logistics Inc. (NYSE:XPO)’s share price rose 1.9% during trading on Friday . The stock traded as high as $36.71 and last traded at $36.70, with a volume of 1,007,487 shares changing hands. The stock had previously closed at $36.00.
XPO has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of XPO Logistics from a “strong sell” rating to a “hold” rating in a report on Thursday, April 28th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of XPO Logistics in a report on Wednesday, May 4th. Wells Fargo & Co. initiated coverage on shares of XPO Logistics in a report on Tuesday, May 10th. They set a “buy” rating on the stock. Buckingham Research initiated coverage on shares of XPO Logistics in a report on Tuesday, May 17th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Deutsche Bank AG restated a “buy” rating on shares of XPO Logistics in a report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.15.
The company’s market capitalization is $4.06 billion. The company’s 50-day moving average price is $30.42 and its 200 day moving average price is $28.53.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. The company had revenue of $3.68 billion for the quarter. The firm’s revenue for the quarter was up 202.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.16) EPS. On average, equities research analysts forecast that XPO Logistics Inc. will post $1.01 EPS for the current fiscal year.
In related news, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the firm’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $26.20, for a total transaction of $104,800,000.00. Following the sale, the insider now directly owns 9,637,746 shares in the company, valued at $252,508,945.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Private Ltd Gic sold 145,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $37.42, for a total transaction of $5,425,900.00. 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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