What happened to XPO Logistics' shares?
XPO Logistics (NYSE: XPO) shares can't seem to find the floor. After a painful double-digit drop in October, investors hoping for some relief were in for a rude shock as the stock tumbled 15.1% in November, according to data provided by S&P Global Market Intelligence.
What does the XPO and GXO split mean for shareholders?
GXO has a lot of exposure to fast-growing sectors including e-commerce, while XPO is one of the top less-than-truckload trucking operators with a large freight brokerage operation. Terms of the split call for XPO shareholders to retain that XPO share, and receive one share of GXO for each XPO share they held previously.
What's the difference between GXO logistics and XPO trucking?
The split became official on Monday, with GXO Logistics (NYSE: GXO), the supply chain business, trading for the first time on its own. GXO has a lot of exposure to fast-growing sectors including e-commerce, while XPO is one of the top less-than-truckload trucking operators with a large freight brokerage operation.
Is the GXO share price adjusted on all sites?
The share price hasn't been adjusted on all sites, but any large decline is not factoring in the value of the GXO stock. There is a lot to like about these companies if you look past the first-day noise.
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Is XPO stock a buy?
XPO Logistics's analyst rating consensus is a 'Strong Buy. This is based on the ratings of 18 Wall Streets Analysts.
What is happening with XPO Logistics?
XPO Logistics is spinning out another company and potentially selling another large business as it continues to radically transform itself after the 2021 spinoff of GXO Logistics.
Will XPO stock go up?
The 22 analysts offering 12-month price forecasts for XPO Logistics Inc have a median target of 82.00, with a high estimate of 105.00 and a low estimate of 62.00. The median estimate represents a +52.42% increase from the last price of 53.80.
Is XPO in financial trouble?
Based on the latest financial disclosure, Xpo Logistics has a Probability Of Bankruptcy of 38.0%. This is 10.76% lower than that of the Industrials sector and significantly higher than that of the Integrated Freight & Logistics industry.
Who is buying XPO?
STG LogisticsSTG Logistics has acquired XPO Logistics' intermodal division, the third-largest provider of containerized transportation services in North America, in an all-cash transaction totaling approximately $710 million.
Is XPO Logistics getting bought out?
XPO is currently under an exclusivity agreement to sell the intermodal business but declined to name the potential buyer.
Is xpo overvalued?
XPO' has a weak valuation at its current share price on account of a overvalued PEG ratio despite strong growth. XPO's PE and PEG are worse than the market average leading to a below average valuation score.
What sector is xpo in?
freight transportation(NYSE: XPO) is a leading provider of freight transportation, primarily less-than-truckload (LTL) and truck brokerage.
How do I buy xpo shares?
How to buy shares in XPO LogisticsCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Does Amazon use XPO Logistics?
As it happens, Amazon is a user of XPO Direct, presumably for heavier consignments. XPO does not handle parcels, which still accounts for the vast majority of Amazon's traffic. Executives move between companies all the time.
Is XPO a quarterly report?
Is XPO a pure play company?
XPO released its first quarterly report since spinning off GXO Logistics, and the headline numbers were strong.
Does XPO have a plan?
It's a period of transition for XPO, which in early August spun GXO off to shareholders to become more of a pure-play trucking transportation company. Late Tuesday, XPO provided the first glimpse of how the slimmed-down company is performing.
Is XPO a tripped up company?
XPO has a plan to address the issues, but it could take time to work through the system.
Is GXO a company?
In a world where equipment and labor are in tight supply, XPO got tripped up. To some extent, the entire industry is under pressure, but considering that rivals including Old Dominion Freight Line ( NASDAQ:ODFL) still managed to report impressive quarterly results, the market was not in a forgiving mood.
Is GXO a publicly traded company?
GXO Logistics (NYSE: GXO) released its first quarterly report as an independent company, and investors liked what they heard. Shares of GXO traded up more than 10% for the week, as of midday Thursday, on excitement about the company's potential for growth. GXO was spun out of XPO Logistics (NYSE: XPO) in August to give investors access to more of a pure-play supply chain management and warehousing company.
What happened
GXO Logistics (NYSE: GXO) released its first earnings report as a publicly traded company on Monday, and the contract logistics specialist did not disappoint. GXO, which separated from XPO Logistics in August, reported 24.6% year-over-year revenue growth in the third quarter to $1.97 billion, ahead of analyst estimates at $1.82 billion.
So what
Shares of XPO Logistics ( XPO 3.39% ) fell more than 11% on Friday morning after the transportation company reported second-quarter earnings. XPO did report a loss in what was a noisy quarter due to the COVID-19 pandemic and a number of one-time items, but the sell-off appears to be an overreaction to what seems to have been a decent quarter.
Now what
After markets closed Thursday XPO reported a second-quarter loss of $0.63 per share on revenue of $3.5 billion, beating analyst expectations for a $0.73 per share loss on revenue of $3.38 billion.
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Clearly, XPO is feeling the impact of the current market conditions. While the adjusted EBITDA number beat expectations, it was down 62% year over year. And less-than-truckload shipping revenue declined 20%.
What happened
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So what
XPO Logistics (NYSE: XPO) shares can't seem to find the floor. After a painful double-digit drop in October, investors hoping for some relief were in for a rude shock as the stock tumbled 15.1% in November, according to data provided by S&P Global Market Intelligence.
What happened
While volatility in the broader market, especially industrials sector, hit XPO shares hard in October, it was an unexpected news release from the company on Oct. 31 that sent its shares crashing last month.
So what
The news at transportation company XPO Logistics (NYSE: XPO) just went from bad to worse.
Now what
What did Spruce Point say to spark today's panic? Here are a few of the highlights: