XPO Logistics (XPO) Reaches New 52-Week High and Low at $106.72

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.

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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.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. equities analysts expect that XPO Logistics Inc will post 3.44 EPS for the current year.

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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