The stock of XPO Logistics Inc (NYSE:XPO) hit a new 52-week high and has $65.88 target or 56.00% above today’s $42.23 share price. The 9 months bullish chart indicates low risk for the $4.71 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $65.88 price target is reached, the company will be worth $2.64B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 823,356 shares traded hands. XPO Logistics Inc (NYSE:XPO) has risen 24.67% since April 19, 2016 and is uptrending. It has outperformed by 20.81% the S&P500.
XPO Logistics Inc (NYSE:XPO) Ratings Coverage
Out of 10 analysts covering XPO Logistics (NYSE:XPO), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. XPO Logistics has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, February 23. Cowen & Co maintained XPO Logistics Inc (NYSE:XPO) rating on Friday, February 26. Cowen & Co has “Outperform” rating and $36 price target. On Thursday, April 14 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by FBR Capital with “Outperform” on Friday, September 11. The rating was reinitiated by Citigroup with “Buy” on Wednesday, November 4. The stock has “Overweight” rating given by JP Morgan on Monday, July 11. As per Wednesday, November 11, the company rating was maintained by Oppenheimer. The company was maintained on Tuesday, August 11 by Deutsche Bank. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, August 5. The company was initiated on Wednesday, November 2 by Deutsche Bank.
According to Zacks Investment Research, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan.”
Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.33, from 1.26 in 2016Q1. The ratio is positive, as 31 funds sold all XPO Logistics Inc shares owned while 42 reduced positions. 23 funds bought stakes while 69 increased positions. They now own 79.72 million shares or 1.50% more from 78.54 million shares in 2016Q1.
Citigroup last reported 0% of its portfolio in the stock. Webster Natl Bank N A holds 0.05% of its portfolio in XPO Logistics Inc (NYSE:XPO) for 12,520 shares. Clearbridge Ltd last reported 0.04% of its portfolio in the stock. Moreover, Camarda Financial Advisors Ltd Liability has 0.01% invested in XPO Logistics Inc (NYSE:XPO) for 500 shares. Motley Fool Wealth Mgmt Limited Liability Corp last reported 113,892 shares in the company. Kirr Marbach & Ltd Liability Company In holds 10,910 shares or 0.06% of its portfolio. Metropolitan Life Communication Ny accumulated 70,561 shares or 0.01% of the stock. Envestnet Asset last reported 0% of its portfolio in the stock. Dekabank Deutsche Girozentrale last reported 0% of its portfolio in the stock. Proshare Llc has 0% invested in the company for 12,439 shares. Nationwide Fund Advisors owns 64,739 shares or 0.01% of their US portfolio. Alliancebernstein Limited Partnership, a New York-based fund reported 144,706 shares. Moreover, Huntington Savings Bank has 0% invested in XPO Logistics Inc (NYSE:XPO) for 82 shares. Teacher Retirement Of Texas last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,564 shares or 0% of the stock.
Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 1 sale for $20.25 million net activity. GIC Private Ltd sold $20.25 million worth of stock or 550,000 shares.
More news for XPO Logistics Inc (NYSE:XPO) were recently published by: Wsj.com, which released: “XPO Logistics Sells Truckload Shipping Business to TransForce for $558 Million” on October 27, 2016. Fool.com‘s article titled: “XPO Logistics Jumps Higher on Strong Earnings Growth, Future Guidance” and published on November 03, 2016 is yet another important article.
XPO Company Profile
XPO Logistics, Inc., incorporated on May 8, 2000, is a transportation and logistics company. The Firm provides supply chain solutions. The Firm operates in two divisions: Transportation and Logistics. All of the Company’s businesses operate as the single global brand of XPO Logistics.
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