XPO Logistics Target of Unusually Large Options Trading (XPO)
XPO Logistics, Inc. (NYSE:XPO) was the target of unusually large options trading activity on Monday. Traders purchased 23,406 call options on the stock. This represents an increase of approximately 1,014% compared to the average volume of 2,101 call options.
Several research firms recently issued reports on XPO. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $63.00 price target (up previously from $58.00) on shares of XPO Logistics in a research report on Friday, May 12th. Stifel Nicolaus reiterated a “buy” rating and set a $78.00 price target (up previously from $65.00) on shares of XPO Logistics in a research report on Tuesday, July 11th. BidaskClub lowered shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, KeyCorp increased their price target on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $66.73.
Several large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of XPO Logistics during the second quarter worth about $3,214,000. Castleark Management LLC acquired a new stake in shares of XPO Logistics during the second quarter worth about $30,551,000. California State Teachers Retirement System boosted its stake in shares of XPO Logistics by 2.9% in the second quarter. California State Teachers Retirement System now owns 198,620 shares of the transportation company’s stock worth $12,837,000 after buying an additional 5,505 shares during the period. Bank of Nova Scotia acquired a new stake in shares of XPO Logistics during the second quarter worth about $16,784,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of XPO Logistics during the second quarter worth about $682,000. 91.05% of the stock is owned by institutional investors.
XPO Logistics (NYSE XPO) opened at 55.93 on Thursday. The company has a market cap of $6.59 billion, a P/E ratio of 64.07 and a beta of 2.31. The stock’s 50 day moving average is $60.54 and its 200 day moving average is $53.71. XPO Logistics has a 1-year low of $31.68 and a 1-year high of $65.44.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that XPO Logistics will post $1.92 earnings per share for the current fiscal year.
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XPO Logistics Company Profile
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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