In a report released yesterday, Scott Schneeberger from Oppenheimer assigned a Buy rating to XPO Logistics (XPO), with a price target of $150.00. The company’s shares closed last Monday at $141.00, close to its 52-week high of $141.21.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 14.0% and a 67.4% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Target Hospitality, and Stericycle.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for XPO Logistics with a $147.67 average price target, which is a 4.9% upside from current levels. In a report issued on April 30, Jefferies also initiated coverage with a Buy rating on the stock with a $162.00 price target.
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XPO Logistics’ market cap is currently $15.54B and has a P/E ratio of 253.40. The company has a Price to Book ratio of -5.33.
Based on the recent corporate insider activity of 35 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.
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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.