XPO Logistics Inc. (NYSE:XPO) traded at a new 52-week high today of $153.45. This new high was reached on below average trading volume as 405,000 shares traded hands, while the average 30-day volume is approximately 828,000 shares.
XPO Logistics Inc. (NYSE:XPO) defies analysts with a current price ($152.65) 60.3% above its average consensus price target of $60.53.
In the past 52 weeks, shares of XPO Logistics Inc. have traded between a low of $71.69 and a high of $153.45 and is now at $152.65, which is 113% above that low price.
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%).
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