XPO Logistics Inc Reaches New 12-Month High at $30.90 (XPO)
XPO Logistics (NYSE:XPO)’s share price reached a new 52-week high on Monday, AnalystRatings.NET reports. The company traded as high as $30.90 and last traded at $30.07, with a volume of 1,573,733 shares traded. The stock had previously closed at $28.03.
XPO has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a research note to investors on Monday, December 16th. They now have a $32.00 price target on the stock, up previously from $29.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of XPO Logistics from $25.00 to $27.00 in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of XPO Logistics in a research note to investors on Monday, December 9th. They set an “outperform” rating on the stock. Ten research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $27.50.
XPO Logistics has a 1-year low of $15.48 and a 1-year high of $28.35. The stock’s 50-day moving average is $23.79 and its 200-day moving average is $22.05. The company’s market cap is $925.2 million.
XPO Logistics (NYSE:XPO) last announced its earnings results on Tuesday, November 5th. The company reported ($0.28) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.42) by $0.14. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $196.32 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 176.6% on a year-over-year basis. Analysts expect that XPO Logistics will post $-2.47 EPS for the current fiscal year.
XPO Logistics, Inc is a logistics provider of freight transportation services. As of December 31, 2011, the Company’s operations consisted of three business units: expedited transportation, freight forwarding and freight brokerage.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.