Oppenheimer analyst Scott Schneeberger reiterated a Buy rating on XPO Logistics (XPO) today. The company’s shares closed yesterday at $62.68.
According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 6.4% and a 57.9% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, General Finance, and United Parcel.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for XPO Logistics with a $73.43 average price target, which is a 17.2% upside from current levels. In a report issued on May 2, Barclays also maintained a Buy rating on the stock with a $70 price target.
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Based on XPO Logistics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.12 billion and net profit of $44 million. In comparison, last year the company had a net profit of $67.6 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.
