XPO Logistics (XPO) Shares Up 14.4%

XPO Logistics Inc (NYSE:XPO) shot up 14.4% on Monday . The stock traded as high as $90.25 and last traded at $90.01. 10,685,800 shares traded hands during trading, an increase of 595% from the average session volume of 1,538,376 shares. The stock had previously closed at $78.69.

Several brokerages have weighed in on XPO. Citigroup dropped their price target on shares of XPO Logistics from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. CIBC dropped their price target on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, November 20th. Oppenheimer increased their price target on shares of XPO Logistics from $77.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 20th. Finally, Goldman Sachs Group initiated coverage on shares of XPO Logistics in a research report on Monday, November 13th. They set a “buy” rating and a $90.00 price target for the company. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $78.47.

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. The firm has a market cap of $10,560.00, a price-to-earnings ratio of 74.19, a P/E/G ratio of 1.30 and a beta of 2.51.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. analysts anticipate that XPO Logistics Inc will post 1.92 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of XPO. American Century Companies Inc. increased its stake in shares of XPO Logistics by 94.6% in the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after acquiring an additional 1,492,525 shares in the last quarter. FMR LLC increased its stake in shares of XPO Logistics by 73.3% in the 2nd quarter. FMR LLC now owns 2,893,788 shares of the transportation company’s stock worth $187,026,000 after acquiring an additional 1,223,543 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of XPO Logistics by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,150,749 shares of the transportation company’s stock worth $591,414,000 after acquiring an additional 718,511 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of XPO Logistics by 37.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,205,435 shares of the transportation company’s stock worth $149,485,000 after acquiring an additional 603,866 shares in the last quarter. Finally, Castleark Management LLC bought a new position in shares of XPO Logistics in the 2nd quarter worth about $30,551,000.

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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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