Cowen & Co. analyst Jason Seidl maintained a Buy rating on XPO Logistics (XPO) today and set a price target of $112. The company’s shares closed yesterday at $60.27, close to its 52-week low of $58.33.
According to TipRanks.com, Seidl is a 5-star analyst with an average return of 12.6% and a 64.3% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
XPO Logistics has an analyst consensus of Strong Buy, with a price target consensus of $107.91, implying a 79.0% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock.
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Based on XPO Logistics’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $102 million. In comparison, last year the company had a net profit of $58.2 million.
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XPO Logistics, Inc. engages in the provision of supply chain solutions. It operates through the Transportation and Logistics segments. The Transportation segment includes freight brokerage, last mile, less-than-truckload, full truck load, and global forwarding services.
