It's economically sensitive. A tremendous value creator. Has always been a dirt-cheap stock that he once owned, and will own again, just not now. The money will go more towards FedEx and UPS, though.
GXO spin-off Splitting up a business can unlock value. GXO is the spin-off from XPO whose CEO boasts a long record of creating value when he ran United Rentals. The CEO consolidated in a highly fragmented industry by buying many companies. From 2014-2018, shares quadrupled. Then, the stock stumbled until last December 2020 when XPO did the spin-off. XPO kept the freight transportation and truck brokerage business, while spinning off the lucrative contract logistics division to make it the second-largest company in this space globally. Which one to buy? The XPO spun-off has given XPO a 73% gain since Jan. 2020. GXO has already surged from $57-79 after only a few weeks. People want a logistics stock, important to the new e-commerce economy. He likes both. XPO has more upside. GXO's warehouses give great exposure to e-commerce and logistics outsourcing, powerful long-term trends. GXO could be lowballing its forecasts and faces little competition in this space. There's still room to run here, too.
Despite the non-stop boom in e-commerce, they lost their mojo in recent years. So last December, XPO spun off their faster-growing logistics business. It was a smart move, and the stock rallied 56% since then. The spin-off will be called GXO Logistics. After today's close, XPO reported a strong top and bottom line beat.
XPO Logistics, Inc is a American stock, trading under the symbol XPO-N on the New York Stock Exchange (XPO). It is usually referred to as NYSE:XPO or XPO-N
In the last year, 5 stock analysts published opinions about XPO-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for XPO Logistics, Inc.
XPO Logistics, Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for XPO Logistics, Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered XPO Logistics, Inc In the last year. It is a trending stock that is worth watching.
On 2023-03-30, XPO Logistics, Inc (XPO-N) stock closed at a price of $30.86.
Is higher despite downgrades today. They spun off GXO and RXO. It now trades at 6x EBITDA vs. peers of 10x or 18x, so it's trading at a discount. XPO gained market share last quarter. Shares ran up 32% year to date before earnings, but expectations were so high, so shares fell back after the report. Still, it's cheap vs. peers and run by superior management.