In a report issued on March 10, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on XPO Logistics (XPO – Research Report), with a price target of $96.00. The company’s shares closed last Friday at $70.48.
According to TipRanks.com, Chan is a 3-star analyst with an average return of 4.8% and a 55.8% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Old Dominion Freight, Landstar System, and GXO Logistics.
Currently, the analyst consensus on XPO Logistics is a Strong Buy with an average price target of $99.58, a 34.6% upside from current levels. In a report issued on February 25, Evercore ISI also initiated coverage with a Buy rating on the stock with a $91.00 price target.
The company has a one-year high of $90.78 and a one-year low of $59.22. Currently, XPO Logistics has an average volume of 1.51M.
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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.
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