Traders Buy XPO Logistics, Inc. (XPO) on Weakness
Traders purchased shares of XPO Logistics, Inc. (NYSE:XPO) on weakness during trading hours on Thursday. $45.35 million flowed into the stock on the tick-up and $19.92 million flowed out of the stock on the tick-down, for a money net flow of $25.43 million into the stock. Of all companies tracked, XPO Logistics had the 19th highest net in-flow for the day. XPO Logistics traded down ($0.69) for the day and closed at $66.22
Several brokerages have recently commented on XPO. Stifel Nicolaus set a $77.00 price objective on XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, August 23rd. William Blair restated an “outperform” rating on shares of XPO Logistics in a research report on Monday, August 7th. Credit Suisse Group boosted their price objective 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 PLC boosted their price objective on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. Finally, BidaskClub downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $68.67.
The firm has a market cap of $7.80 billion, a PE ratio of 75.85 and a beta of 2.37. The company’s 50-day moving average price is $61.34 and its 200-day moving average price is $56.83.
XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. Equities analysts forecast that XPO Logistics, Inc. will post $1.91 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. acquired a new stake in XPO Logistics in the 3rd quarter valued at approximately $231,000. Public Employees Retirement System of Ohio acquired a new stake in XPO Logistics in the 2nd quarter valued at approximately $3,214,000. Castleark Management LLC acquired a new stake in XPO Logistics in the 2nd quarter valued at approximately $30,551,000. California State Teachers Retirement System increased its holdings in XPO Logistics by 2.9% in the 2nd quarter. California State Teachers Retirement System now owns 198,620 shares of the transportation company’s stock valued at $12,837,000 after purchasing an additional 5,505 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in XPO Logistics in the 2nd quarter valued at approximately $16,784,000. Hedge funds and other 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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