Why Shares of XPO Logistics Are Up Today
Shares of XPO Logistics (NYSE: XPO) soared 10% on Monday following a report that the transportation company has restarted efforts to sell its European supply chain business. XPO was considering a number of divestitures earlier this year, but called off the auctions due to the COVID-19 pandemic.
XPO houses an impressive set of logistics and transportation assets, but the market in recent years has not been impressed. The company trades at an enterprise value roughly 9.4 times earnings before interest, taxes, depreciation, and amortization, a discount to more focused businesses like logistics specialist C.H. Robinson Worldwide and trucker J.B. Hunt Transport Services.
Image source: XPO Logistics.
Source Fool.com
