Today’s Price Action: Could XPO Logistics Inc Decline After Today’s Big Increase?

Today's Price Action: Could XPO Logistics Inc Decline After Today's Big Increase?

The stock of XPO Logistics Inc (NYSE:XPO) is a huge mover today! About 2.07M shares traded hands or 55.64% up from the average. XPO Logistics Inc (NYSE:XPO) has risen 29.57% since April 8, 2016 and is uptrending. It has outperformed by 23.92% the S&P500.
The move comes after 7 months positive chart setup for the $4.40B company. It was reported on Nov, 10 by Barchart.com. We have $64.12 PT which if reached, will make NYSE:XPO worth $2.73 billion more.

XPO Logistics Inc (NYSE:XPO) Ratings Coverage

Out of 10 analysts covering XPO Logistics (NYSE:XPO), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. XPO Logistics has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 5 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, November 4 by Citigroup. The firm has “Outperform” rating by Oppenheimer given on Wednesday, November 11. The rating was initiated by Deutsche Bank on Wednesday, November 2 with “Buy”. The stock has “Outperform” rating given by Cowen & Co on Monday, September 14. The rating was maintained by JP Morgan on Friday, August 5 with “Overweight”. Oppenheimer maintained XPO Logistics Inc (NYSE:XPO) rating on Wednesday, September 30. Oppenheimer has “Outperform” rating and $33.0 price target. Cowen & Co maintained it with “Outperform” rating and $36 target price in Friday, February 26 report. Citigroup maintained the shares of XPO in a report on Thursday, April 14 with “Buy” rating. The firm earned “Outperform” rating on Friday, September 11 by FBR Capital.

According to Zacks Investment Research, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan.”

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.23, from 1.03 in 2016Q1. The ratio increased, as 31 funds sold all XPO Logistics Inc shares owned while 42 reduced positions. 23 funds bought stakes while 69 increased positions. They now own 79.72 million shares or 1.50% more from 78.54 million shares in 2016Q1.
Fishman Jay A Ltd Mi reported 168,550 shares or 0% of all its holdings. Croft last reported 0.87% of its portfolio in the stock. Wells Fargo Com Mn holds 0% or 166,052 shares in its portfolio. Spruce House Invest Mngmt Llc holds 7.75M shares or 28.36% of its portfolio. Nationwide Fund Advsr last reported 0.01% of its portfolio in the stock. Moreover, Schwab Charles Inv Management has 0.01% invested in XPO Logistics Inc (NYSE:XPO) for 313,269 shares. Fairfield Bush And last reported 12,500 shares in the company. Price T Rowe Associate Md has 0% invested in the company for 131,435 shares. Dimensional Fund L P reported 2.03M shares or 0.03% of all its holdings. Friedberg Mngmt has 17,150 shares for 0.21% of their US portfolio. Middleton Incorporated Ma has 0.14% invested in the company for 22,985 shares. American International Gru accumulated 56,393 shares or 0% of the stock. Jefferies Group Ltd Company has invested 0% of its portfolio in XPO Logistics Inc (NYSE:XPO). Moreover, Suffolk Management Ltd Co has 0.32% invested in XPO Logistics Inc (NYSE:XPO) for 93,290 shares. Da Davidson accumulated 3,962 shares or 0% of the stock.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 insider sale for $20.25 million net activity. Shares for $20.25 million were sold by GIC Private Ltd.

More news for XPO Logistics Inc (NYSE:XPO) were recently published by: Wsj.com, which released: “XPO Logistics Sells Truckload Shipping Business to TransForce for $558 Million” on October 27, 2016. Wsj.com‘s article titled: “Some XPO Logistics Workers Vote to Unionize” and published on October 13, 2016 is yet another important article.

XPO Company Profile

XPO Logistics, Inc., incorporated on May 8, 2000, is a transportation and logistics company. The Firm provides supply chain solutions. The Firm operates in two divisions: Transportation and Logistics. All of the Company’s businesses operate as the single global brand of XPO Logistics.

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