Traders Buy XPO Logistics (XPO) on Weakness

Investors purchased shares of XPO Logistics Inc (NYSE:XPO) on weakness during trading on Wednesday. $67.03 million flowed into the stock on the tick-up and $19.21 million flowed out of the stock on the tick-down, for a money net flow of $47.82 million into the stock. Of all stocks tracked, XPO Logistics had the 19th highest net in-flow for the day. XPO Logistics traded down ($1.07) for the day and closed at $107.69

A number of research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday, April 18th. Barclays reissued an “overweight” rating and issued a $130.00 price target on shares of XPO Logistics in a report on Tuesday, April 17th. Credit Suisse Group increased their price target on shares of XPO Logistics from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Cowen increased their price target on shares of XPO Logistics from $100.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Finally, Bank of America reissued a “buy” rating and issued a $105.00 price target on shares of XPO Logistics in a report on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $105.15.

The firm has a market capitalization of $13.31 billion, a P/E ratio of 55.23, a PEG ratio of 1.04 and a beta of 2.45. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.91 billion. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. equities analysts predict that XPO Logistics Inc will post 3.49 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank lifted its holdings in XPO Logistics by 4.8% during the 1st quarter. Amalgamated Bank now owns 24,592 shares of the transportation company’s stock valued at $2,504,000 after purchasing an additional 1,137 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in XPO Logistics by 10.8% during the 1st quarter. Principal Financial Group Inc. now owns 14,572 shares of the transportation company’s stock valued at $1,484,000 after purchasing an additional 1,424 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in XPO Logistics by 22,168.7% during the 1st quarter. Summit Trail Advisors LLC now owns 186,166 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 185,330 shares during the last quarter. Navellier & Associates Inc bought a new position in XPO Logistics during the 1st quarter valued at about $2,580,000. Finally, WINTON GROUP Ltd bought a new position in XPO Logistics during the 1st quarter valued at about $1,249,000.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

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