XPO Logistics Inc. (XPO) Trading Down 1.9%
XPO Logistics Inc. (NYSE:XPO)’s share price was down 1.9% during mid-day trading on Thursday . The stock traded as low as $35.85 and last traded at $35.94, with a volume of 501,463 shares traded. The stock had previously closed at $36.64.
Several equities analysts recently issued reports on XPO shares. Oppenheimer Holdings Inc. restated a “buy” rating on shares of XPO Logistics in a research report on Wednesday, May 4th. Wells Fargo & Co. started coverage on XPO Logistics in a research report on Tuesday, May 10th. They set a “buy” rating on the stock. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, May 11th. Buckingham Research started coverage on XPO Logistics in a research 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 research report on Wednesday, June 22nd. One 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. The stock currently has an average rating of “Buy” and a consensus target price of $44.31.
The stock’s market capitalization is $3.98 billion. The company’s 50-day moving average price is $31.78 and its 200-day moving average price is $29.02.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. The firm earned $3.68 billion during the quarter. During the same quarter in the prior year, the company earned ($0.16) EPS. The company’s quarterly revenue was up 202.9% compared to the same quarter last year. On average, equities analysts expect that XPO Logistics Inc. will post $1.01 earnings per share for the current year.
In other XPO Logistics news, major shareholder Sector Pension Investme Public sold 4,000,000 shares of the company’s stock in a transaction that occurred 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 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 the SEC website. Also, major shareholder Private Ltd Gic sold 310,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $36.75, for a total value of $11,392,500.00. 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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