XPO Logistics Inc (NYSE:XPO) shares reached a new 52-week high and low on Tuesday . The company traded as low as $106.72 and last traded at $106.75, with a volume of 1474735 shares trading hands. The stock had previously closed at $103.56.
A number of research firms have weighed in on XPO. Zacks Investment Research downgraded XPO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, April 14th. Oppenheimer raised their price target on XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays restated an “overweight” rating and issued a $130.00 price target on shares of XPO Logistics in a research note on Tuesday. Vetr upgraded XPO Logistics from a “hold” rating to a “strong-buy” rating and set a $115.78 price target for the company in a research note on Tuesday, April 10th. Finally, Credit Suisse Group reduced their target price on XPO Logistics from $106.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $103.04.
The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $12,802.87, a P/E ratio of 55.03, a P/E/G ratio of 1.04 and a beta of 2.42.
Large investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in XPO Logistics during the 4th quarter worth approximately $172,000. Oak Point Wealth Management acquired a new stake in XPO Logistics during the 4th quarter worth approximately $220,000. Pillar Pacific Capital Management LLC acquired a new stake in XPO Logistics during the 4th quarter worth approximately $224,000. Atria Investments LLC acquired a new stake in XPO Logistics during the 4th quarter worth approximately $230,000. Finally, American International Group Inc. acquired a new stake in XPO Logistics during the 4th quarter worth approximately $246,000.
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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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