XPO Logistics (XPO) Receives Price Target

XPO Logistics (XPO) : The most positive equity analysts on XPO Logistics (XPO) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $39.5 with an expected fluctuation of $8.92 from the mean.

XPO Logistics (XPO) : Zacks Investment Research ranks XPO Logistics (XPO) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 12 research analysts is 1.46, which indicates as a Strong Buy.


Also, Equity Analysts at the Oppenheimer maintains the rating on XPO Logistics (NYSE:XPO). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $33 per share to $42 per share. The rating by the firm was issued on August 9, 2016.

XPO Logistics (NYSE:XPO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.91 and $35.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.93, notching a gain of 0.36% for the day. The total traded volume was 1,111,170 . The stock had closed at $35.80 on the previous day.

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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