XPO Logistics Inc. (NYSE:XPO) traded today at a new 52-week high of $141.50. Approximately 240,000 shares have changed hands today, as compared to an average 30-day volume of 934,000 shares.
XPO Logistics is a diversified trucking and logistics company. Acquisitions have contributed meaningfully to the firm’s current profile. Ignoring the upcoming contract-logistics segment spin-off, roughly 62% of XPO’s total gross revenue comes from transportation operations, including asset-light truck brokerage, intermodal, last mile, and global forwarding, as well as asset-based less-than-truckload shipping. Its global contract logistics division (outsourced warehousing and supply-chain services), which has a large presence in Europe, constitutes about 38% of sales.Within its transportation segment, XPO’s two largest service offerings are LTL trucking (35% of segment gross revenue) and freight brokerage (27%).
Based on a current price of $140.62, XPO Logistics Inc. is currently 2.7% above its average consensus analyst price target of $136.84.
In the past 52 weeks, XPO Logistics Inc. share prices are bracketed by a low of $60.75 and a high of $141.50 and is now at $140.62, 131% above that low price.
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