XPO Logistics Sets New 12-Month High at $32.96 (XPO)
XPO Logistics (NYSE:XPO)’s share price hit a new 52-week high during trading on Thursday , Stock Ratings News reports. The company traded as high as $32.96 and last traded at $32.40, with a volume of 395,477 shares traded. The stock had previously closed at $32.16.
A number of research firms have recently commented on XPO. Analysts at Raymond James reiterated an “outperform” rating on shares of XPO Logistics in a research note on Thursday, July 31st. They now have a $35.00 price target on the stock, up previously from $33.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of XPO Logistics in a research note on Thursday, June 26th. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of XPO Logistics in a research note on Monday, June 23rd. They now have a $32.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. XPO Logistics currently has an average rating of “Buy” and an average target price of $35.00.
The stock has a 50-day moving average of $29.79 and a 200-day moving average of $28.15. The company’s market cap is $1.704 billion.
XPO Logistics (NYSE:XPO) last announced its earnings results on Tuesday, July 29th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.04. The company had revenue of $581.10 million for the quarter, compared to the consensus estimate of $551.31 million. The company’s revenue for the quarter was up 323.9% on a year-over-year basis. On average, analysts predict that XPO Logistics will post $-0.81 earnings per share for the current fiscal year.
XPO Logistics, Inc, is a logistics provider of freight transportation services. The Company’s operations consist of three business units: expedited transportation, freight forwarding and freight brokerage.
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