|Bid||83.05 x 1400|
|Ask||84.65 x 1200|
|Day's range||83.99 - 87.96|
|52-week range||38.47 - 100.18|
|Beta (5Y monthly)||2.44|
|PE ratio (TTM)||80.55|
|Earnings date||26 Oct 2020 - 30 Oct 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||95.37|
XPO Logistics (NYSE: XPO) was a top-performing stock during the last decade, but shareholders have been taken on a bumpy ride this year. The company has changed course twice in 2020 as the COVID-19 pandemic wreaked havoc on operations and strategy.
If you think industrial assembly lines in the U.S. aren't running yet as the COVID-19 pandemic continues to rage, think again. The closely watched manufacturing index from the Institute for Supply Management (ISM) hit a 21-month high of 56% in August, reflecting a strong uptick in industrial production and orders. ABB (NYSE: ABB) recently made a sensible business move.
Logistics and transport giant XPO Logistics (NYSE: XPO) delivered second-quarter results at the end of July that exceeded expectations, but you would never know it from the stock's reaction. Management was ready to act to address that gap prior to the COVID-19 pandemic, and as conditions normalize it is becoming more and more likely they will act again in the quarters to come. CEO Bradley Jacobs said in a statement, "the ramifications of COVID-19 dominated the second quarter," but XPO painted a relatively optimistic picture for the remainder of 2020.