Oppenheimer Assigns a Buy Rating on XPO Logistics (XPO)


Oppenheimer analyst Scott Schneeberger assigned a Buy rating to XPO Logistics (XPO) today and set a price target of $88.00. The company’s shares closed last Thursday at $86.62.

According to TipRanks.com, Schneeberger is a 4-star analyst with an average return of 5.9% and a 58.6% success rate. Schneeberger covers the Services sector, focusing on stocks such as Fleetcor Technologies, Service International, and Target Hospitality.

Currently, the analyst consensus on XPO Logistics is a Strong Buy with an average price target of $85.60, which is a 3.2% upside from current levels. In a report issued on July 17, SunTrust Robinson also maintained a Buy rating on the stock with a $92.00 price target.

See today’s analyst top recommended stocks >>

XPO Logistics’ market cap is currently $7.89B and has a P/E ratio of 24.20. The company has a Price to Book ratio of -2.64.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XPO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

XPO Logistics, Inc. engages in the provision of supply chain solutions. It operates through the following segments: Transportation and Logistics. The Transportation segment includes truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. The Logistics segment includes value-added warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts