Shares of XPO Logistics Inc. (NYSE:XPO) traded today at $135.89, eclipsing its 52-week high. Approximately 275,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
Over the past year, XPO Logistics Inc. has traded in a range of $53.58 to $135.89 and is now at $133.09, 148% above that low.
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%).
XPO Logistics Inc. (NYSE:XPO) is currently priced 3.6% above its average consensus analyst price target of $128.30.
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