Brokerage firm JP Morgan Maintains its rating on XPO Logistics Inc(NYSE:XPO). In a research note issued to the investors, the brokerage major Raises the price-target to $50.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 5, 2016.
In a different note, On Aug 5, 2016, Deutsche Bank said it Maintains its rating on XPO Logistics Inc. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Buy’ by the firm. JP Morgan said it Initiates Coverage on XPO Logistics Inc, according to a research note issued on Jul 11, 2016. The shares have been rated ‘Overweight’ by the firm. Buckingham Research said it Initiates Coverage on XPO Logistics Inc, according to a research note issued on May 17, 2016. The shares have been rated ‘Buy’ by the firm.
XPO Logistics Inc (XPO) made into the market gainers list on Wednesdays trading session with the shares advancing 0.33% or 0.12 points. Due to strong positive momentum, the stock ended at $36, which is also near the day’s high of $36.06. The stock began the session at $35.85 and the volume stood at 14,78,151 shares. The 52-week high of the shares is $41.28 and the 52 week low is $18.04. The company has a current market capitalization of $3,965 M and it has 11,01,50,495 shares in outstanding.
XPO Logistics Inc(XPO) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.68B. Analysts had an estimated revenue of $3.81B. Earnings per share were $0.42. Analysts had estimated an EPS of $0.19.
Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Sector Pension Investme Public (10% owner) sold 4,000,000 shares at $26.20 per share price.
XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.