Analyst Price Target Update on XPO Logistics (NYSE:XPO)

XPO Logistics (NYSE:XPO) should head towards $38.58 per share according to 12 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $18 per share. The higher price estimate target is at $60 according to the Analysts.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup maintains its rating on XPO Logistics (NYSE:XPO). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $33 per share to $38 per share. The rating by the firm was issued on April 14, 2016. For the current week, the company shares have a recommendation consensus of Buy.

XPO Logistics (NYSE:XPO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.27 points or 0.93% at $28.7 with 1,125,685 shares getting traded. Post opening the session at $28.68, the shares hit an intraday low of $28.43 and an intraday high of $29.47 and the price was in this range throughout the day. The company has a market cap of $3,157 million and the number of outstanding shares have been calculated to be 110,006,419 shares. The 52-week high of XPO Logistics (NYSE:XPO) is $48.54 and the 52-week low is $18.04.

XPO Logistics, Inc. is a provider of transportation logistics services and a provider of engineered, technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage, intermodal, last mile, expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services, including warehousing and distribution, reverse logistics, transportation management, freight bill audit and payment, aftermarket support and supply chain optimization for its clients. Its services include truckload transportation, last mile logistics, engineered supply chain solutions, warehousing and distribution, ground and air expedite, intermodal, global forwarding and managed transportation. It also offers truckload transportation in North America.

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