XPO Logistics, Inc. Buyback
OLI recorded this information on 12/14/2018
Company:
XPO Logistics, Inc.
Buyback:
XPO buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
XPO Logistics, Inc. ("XPO" or the "Company") (NYSE:XPO) today announced that its Board of Directors has authorized the Company to repurchase up to $1 billion of its common stock.
XPO is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.
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Avg. Broker Rec.
 
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Buy (3.46 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: XPO Stock Forecast Based on Zacks ABR data; powered by Xignite |
