XPO Logistics (XPO) Received its Third Buy in a Row

After Barclays and Oppenheimer gave XPO Logistics (NYSE: XPO) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Jason Seidl maintained a Buy rating on XPO Logistics today and set a price target of $125.00. The company’s shares closed last Monday at $94.17, close to its 52-week high of $96.20.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 14.5% and a 69.6% 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 Moderate Buy, with a price target consensus of $103.09, a 10.8% upside from current levels. In a report issued on January 31, Susquehanna also maintained a Buy rating on the stock with a $112.00 price target.

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Based on XPO Logistics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.15 billion and net profit of $118 million. In comparison, last year the company earned revenue of $4.39 billion and had a net profit of $85.7 million.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 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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