XPO Logistics (XPO) Receives a Rating Update from a Top Analyst


Cowen & Co. analyst Jason Seidl maintained a Buy rating on XPO Logistics (XPO) today and set a price target of $80. The company’s shares opened today at $59.40.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 16.5% and a 76.2% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for XPO Logistics with a $73.50 average price target, which is a 23.7% upside from current levels. In a report issued on March 29, Jefferies also maintained a Buy rating on the stock with a $92 price target.

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Based on XPO Logistics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.39 billion and net profit of $85.7 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.

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