It is currently trading at $69.35 barely above the 50 day moving average of $65.79 and which is significantly higher than the 200 day moving average of $59.61. The 50 day moving average went up $3.56 or +5.41% and the 200 day average went up $9.74 or +16.34%. Trading volume for XPO Logistics, Inc. was 1,344K by the end of trading on Tuesday. Volume was up 1.39% over the stocks average daily volume.
Investors are more bullish on XPO Logistics, Inc. lately if you watch the fall in short interest. The company realized a fall in short interest of -4.02% as of October 13, 2017 from the last reporting period. Short shares decreased from 15,702,166 to 15,070,429 over that timeframe. With short interest at 15,070,429 and short average daily volume at 1,308,263, the short-interest ratio is 12.0 and the percentage of shorted shares was 0.13% on October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Raymond James Financial Services Advisors, Inc. had disposed of a total of 4,215 shares trimming its holdings by 39.9%. The value of the investment in XPO went from $682,000 to $430,000 a change of 37.0% since the last quarter. As of the end of the quarter Aperio Group, LLC had sold 16 shares trimming its position 0.1%. The value of the total investment in XPO Logistics, Inc. increased from $776,000 to $813,000 increasing 4.8% quarter over quarter.
Macguire, Cheswick & Tuttle Investment Counsel LLC grew its ownership by buying 7,950 shares an increase of 12.0% as of 09/30/2017. Macguire, Cheswick & Tuttle Investment Counsel LLC currently owns 74,005 shares valued at $5,016,000. The total value of its holdings increased 17.5%. Dsam Partners (london) Ltd bolstered its investment by buying 80,989 shares an increase of 32.9%. Dsam Partners (london) Ltd claims 327,203 shares with a value of $22,178,000. The value of the position overall is up by 39.4%.
On September 29 Credit Suisse left the company rating at “Outperform” but raised the price target to $76.00 from $45.00. October 2 investment analysts at Barclays held the stock rating at “Overweight” and moved up the price target from $45.00 to $75.00.
October 12 investment analysts at JP Morgan maintained a company rating of “Overweight” and raised the price target from $40.00 to $84.00.
The company’s P/E ratio is 79.44 and market capitalization is 8.17B. As of the last earnings report the EPS was $0.87 and is expected to be $1.91 for the current year with 117,828,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.43 with next year’s EPS anticipated to be $2.84.
XPO Logistics, Inc., launched on May 8, 2000, 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..Advertisement