Traders Buy XPO Logistics Inc. (XPO) on Weakness
Investors purchased shares of XPO Logistics Inc. (NYSE:XPO) on weakness during trading on Monday. $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 equities tracked, XPO Logistics had the 26th highest net in-flow for the day. XPO Logistics traded down ($0.04) for the day and closed at $36.07
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Wednesday, August 24th. Wells Fargo & Co. assumed coverage on shares of XPO Logistics in a research note on Tuesday, May 10th. They issued a “buy” rating for the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of XPO Logistics in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. assumed coverage on shares of XPO Logistics in a research note on Monday, July 11th. They issued an “overweight” rating and a $40.00 price target for the company. Finally, Buckingham Research assumed coverage on shares of XPO Logistics in a research note on Tuesday, May 17th. They issued a “buy” rating and a $38.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $44.31.
The company’s 50 day moving average is $32.09 and its 200-day moving average is $29.21. The firm’s market capitalization is $3.97 billion.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.15. The firm earned $3.68 billion during the quarter. During the same period last year, the business earned ($0.16) earnings per share. The firm’s quarterly revenue was up 202.9% compared to the same quarter last year. Analysts forecast 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 stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $26.20, for a total value of $104,800,000.00. Following the completion of the sale, the insider now owns 9,637,746 shares of the company’s stock, valued at $252,508,945.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Private Ltd Gic sold 145,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were 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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