Traders Buy Shares of XPO Logistics, Inc. (XPO) on Weakness
Traders purchased shares of XPO Logistics, Inc. (NYSE:XPO) on weakness during trading on Wednesday. $35.28 million flowed into the stock on the tick-up and $8.65 million flowed out of the stock on the tick-down, for a money net flow of $26.63 million into the stock. Of all equities tracked, XPO Logistics had the 25th highest net in-flow for the day. XPO Logistics traded down ($0.39) for the day and closed at $66.91
A number of research analysts recently issued reports on XPO shares. Barclays PLC lifted their target price on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday. Stifel Nicolaus set a $77.00 price target on XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Morgan Stanley lifted their price target on XPO Logistics from $60.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. William Blair reaffirmed an “outperform” rating on shares of XPO Logistics in a report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. lifted their price target on XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.67.
The company has a market cap of $7.80 billion, a PE ratio of 75.85 and a beta of 2.37. The stock’s 50-day moving average is $61.64 and its 200 day moving average is $56.89.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business earned $0.42 earnings per share. XPO Logistics’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that XPO Logistics, Inc. will post $1.91 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in XPO. Bank of Montreal Can increased its stake in shares of XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 241 shares during the period. Russell Investments Group Ltd. increased its stake in shares of XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after purchasing an additional 6,465 shares during the period. Bank of New York Mellon Corp increased its stake in shares of XPO Logistics by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 461,618 shares of the transportation company’s stock valued at $22,107,000 after purchasing an additional 20,200 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of XPO Logistics by 34.8% in the first quarter. UBS Asset Management Americas Inc. now owns 57,494 shares of the transportation company’s stock valued at $2,753,000 after purchasing an additional 14,855 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of XPO Logistics in the first quarter valued at approximately $474,000. Institutional investors own 89.54% of the company’s stock.
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XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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