Somewhat Favorable Press Coverage Somewhat Unlikely to Affect XPO Logistics (XPO) Stock Price
News headlines about XPO Logistics (NYSE:XPO) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. XPO Logistics earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.3855193487415 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern’s analysis:
- What the sentiment indicator is Signaling: XPO Logistics, Inc. (XPO), Barclays PLC (BCS) – Market Movers (financialqz.com)
- Global Logistics Market Is Set to Expand to US $15.5 Tn During 2016-2024 (sbwire.com)
- XPO Logistics Supports Elves & More this Holiday Season (finance.yahoo.com)
- XPO Logistics’ Bradley Jacobs Accepts 2017 Connie Award on Behalf of Future Leaders (finance.yahoo.com)
XPO Logistics (XPO) traded up $1.38 during trading on Friday, reaching $77.51. The company’s stock had a trading volume of 1,145,514 shares, compared to its average volume of 1,380,000. XPO Logistics has a 52 week low of $42.07 and a 52 week high of $80.10. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The firm has a market cap of $9,290.00, a PE ratio of 44.80, a price-to-earnings-growth ratio of 1.12 and a beta of 2.51.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. XPO Logistics had a return on equity of 7.55% and a net margin of 1.83%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. equities analysts predict that XPO Logistics will post 1.92 EPS for the current year.
A number of brokerages recently issued reports on XPO. Stifel Nicolaus set a $77.00 target price on XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Credit Suisse Group upped their target price on XPO Logistics from $68.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Barclays upped their target price on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Oppenheimer reissued a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, KeyCorp reissued a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. XPO Logistics presently has a consensus rating of “Buy” and an average price target of $77.59.
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About XPO Logistics
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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