XPO Logistics Sees Unusually High Options Volume (XPO)
XPO Logistics Inc (NYSE:XPO) saw some unusual options trading on Monday. Investors bought 5,737 call options on the company. This represents an increase of 884% compared to the typical volume of 583 call options.
XPO has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on XPO Logistics from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. Goldman Sachs Group initiated coverage on XPO Logistics in a research report on Monday, November 13th. They issued a “buy” rating and a $90.00 price objective for the company. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Finally, Cowen raised their target price on XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. XPO Logistics presently has a consensus rating of “Buy” and a consensus target price of $79.94.
A number of hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC purchased a new position in shares of XPO Logistics during the 2nd quarter valued at $1,147,000. Flagship Harbor Advisors LLC grew its position in shares of XPO Logistics by 1.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock valued at $704,000 after purchasing an additional 179 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of XPO Logistics by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 373 shares in the last quarter. Advisors Asset Management Inc. grew its position in XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after acquiring an additional 466 shares in the last quarter. Finally, Reliant Investment Management LLC grew its position in XPO Logistics by 1.6% in the second quarter. Reliant Investment Management LLC now owns 48,325 shares of the transportation company’s stock worth $3,123,000 after acquiring an additional 750 shares in the last quarter.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. XPO Logistics’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. analysts expect that XPO Logistics will post 1.92 earnings per share for the current fiscal year.
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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