The stock of XPO Logistics Inc (NYSE:XPO) is a huge mover today! About 504,617 shares traded hands. XPO Logistics Inc (NYSE:XPO) has risen 29.64% since April 21, 2016 and is uptrending. It has outperformed by 24.31% the S&P500.
The move comes after 6 months positive chart setup for the $5.00 billion company. It was reported on Nov, 23 by Barchart.com. We have $47.97 PT which if reached, will make NYSE:XPO worth $350.00 million more.
Analysts await XPO Logistics Inc (NYSE:XPO) to report earnings on February, 22. They expect $0.22 earnings per share, up 204.76% or $0.43 from last year’s $-0.21 per share. XPO’s profit will be $24.54M for 50.94 P/E if the $0.22 EPS becomes a reality. After $0.41 actual earnings per share reported by XPO Logistics Inc for the previous quarter, Wall Street now forecasts -46.34% negative EPS growth.
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 given on Friday, August 5 by JP Morgan. The rating was initiated by JP Morgan on Monday, July 11 with “Overweight”. Cowen & Co maintained it with “Outperform” rating and $38 target price in Friday, August 5 report. On Friday, February 26 the stock rating was maintained by Cowen & Co with “Outperform”. Oppenheimer maintained the shares of XPO in a report on Wednesday, September 30 with “Outperform” rating. Cowen & Co maintained it with “Outperform” rating and $44 target price in Friday, November 6 report. Oppenheimer maintained the shares of XPO in a report on Tuesday, August 9 with “Outperform” rating. The stock has “Buy” rating given by Stifel Nicolaus on Friday, August 5. The rating was maintained by Citigroup on Thursday, April 14 with “Buy”. Deutsche Bank initiated XPO Logistics Inc (NYSE:XPO) rating on Wednesday, November 2. Deutsche Bank has “Buy” rating and $60 price target.
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 Q2 2016. Its up 0.33, from 1.26 in 2016Q1. The ratio improved, 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.
Oakmont Corporation, a California-based fund reported 1.69 million shares. Fieldpoint Private Advsrs has invested 1.2% of its portfolio in XPO Logistics Inc (NYSE:XPO). Friedberg last reported 0.21% of its portfolio in the stock. Credit Suisse Ag reported 121,402 shares or 0% of all its holdings. Suffolk Cap Mngmt Limited accumulated 0.32% or 93,290 shares. Advsr Cap Llc holds 195,704 shares or 0.53% of its portfolio. Bnp Paribas Arbitrage has 0% invested in the company for 3,868 shares. Hightower Ltd Company holds 93,770 shares or 0.03% of its portfolio. The New York-based Teachers Advsr has invested 0.01% in XPO Logistics Inc (NYSE:XPO). Finemark Bancshares has invested 0% of its portfolio in XPO Logistics Inc (NYSE:XPO). Vanguard Grp Inc last reported 0.01% of its portfolio in the stock. Morgan Stanley, a New York-based fund reported 983,989 shares. Croft accumulated 0.87% or 147,055 shares. Amer Century holds 0.01% or 206,111 shares in its portfolio. The Germany-based Deutsche Comml Bank Ag has invested 0% in XPO Logistics Inc (NYSE:XPO).
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 insider sale for $20.25 million net activity. Another trade for 550,000 shares valued at $20.25 million was made by GIC Private Ltd on Monday, August 8.
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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