Why XPO Logistics Stock Raced Ahead of Peers and Jumped 14% in November
XPO Logistics (NYSE: XPO) has been on fire this year, and November was no different. Shares of the freight and logistics giant soared 14% last month even as close rivals FedEx (NYSE: FDX) and United Parcel Service (NYSE: UPS) managed to clock only about 3% gains each. What gives? You guessed it right: earnings.
On the very first day of November, XPO Logistics gave investors a solid reason to cheer when it delivered a stellar third quarter, with its revenue, net income, and cash flow hitting record highs, thanks to surging demand for last-mile deliveries, booming e-commerce, and intermodal (moving goods using multiple modes of transportation) strength.
As I highlighted in a recent article, XPO is making the most of a boom in e-commerce and last-mile deliveries, which involves the movement of heavy goods like furniture and home appliances from fulfillment centers to a customer's doorstep. XPO is the leader in last-mile today even as freight and logistics heavyweights FedEx and UPS are missing out on the big opportunity.
Source: Fool.com
Xpo Logistics Inc. Stock
The stock is one of the favorites of our community with 40 Buy predictions and 2 Sell predictions.
With a target price of 125 € there is a positive potential of 26.14% for Xpo Logistics Inc. compared to the current price of 99.1 €.
