Analyst Rating Update on XPO Logistics (XPO)

XPO Logistics (NYSE:XPO) : The consensus on XPO Logistics (NYSE:XPO) based on 14 analyst recommendation on the company stock is 1.39, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

XPO Logistics (NYSE:XPO) : The most positive equity analysts on XPO Logistics (NYSE:XPO) expects the shares to touch $60, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $38.58 with an expected fluctuation of $9.6 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on XPO Logistics (NYSE:XPO). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $33 per share to $38 per share. The rating by the firm was issued on April 14, 2016.

XPO Logistics (NYSE:XPO): stock turned positive on Tuesday. Though the stock opened at $24.26, the bulls momentum made the stock top out at $24.52 level for the day. The stock recorded a low of $23.5 and closed the trading day at $24.35, in the green by 4.51%. The total traded volume for the day was 1,287,366. The stock had closed at $23.3 in the previous days trading.

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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