In states that allow no-par stock there is normally a stated value that is handled in the same manner as the par value. Shares Issued for Cash When stock is sold for cash the entry includes a debit to cash and a credit to one or more paid-in capital equity accounts. Example: Spencer Corporation sells 100 shares of common stock with a par value of $1 for $500. The journal entry would be as follows: Account Debit Credit Cash $500 Common stock $100 Additional paid-in capital, common stock 400To record the sell of 100 shares of $1 par value common stock for $5 per share.
XPO Logistics, Inc. (NYSE: XPO) is a U.S. corporation and one of the world's 10 largest providers of transportation and logistics services. The company has approximately $15 billion in revenue, serves more than 50,000 customers, and operates a network of over 88,000 employees and 1,440 locations in 34 countries.
Cowen reiterated a buy rating and issued a $69.00 target price on shares of XPO Logistics in a research note on Thursday, September 7th. Credit Suisse Group raised their price target on XPO Logistics from $68.00 to $76.00 and gave the company an outperform rating in a report on Friday, September 29th. Barclays raised their price target on XPO Logistics from $65.00 to $75.00 and gave the company an overweight rating in a report on Monday, October 2nd. JPMorgan Chase & Co. raised their price target on XPO Logistics from $74.00 to $84.00 and gave the company an overweight rating in a report on Thursday, October 12th.