Susquehanna analyst Bascome Majors reiterated a Buy rating on XPO Logistics (NYSE: XPO) yesterday and set a price target of $121. The company’s shares closed yesterday at $101.75.
According to TipRanks.com, Majors is a 5-star analyst with an average return of 22.8% and a 87.7% success rate. Majors covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Landstar System Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for XPO Logistics with a $121.43 average price target, representing a 19.3% upside. In a report issued on July 12, Oppenheimer also assigned a Buy rating to the stock with a $119 price target.
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Based on XPO Logistics’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $67.6 million. In comparison, last year the company had a net profit of $48.3 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.
