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A statement released earlier today by Cowen about XPO Logistics (NYSE:XPO) raises the target price to $60.00

In a report issued 5/23/2017 Cowen raised the target price of XPO Logistics (NYSE:XPO) to $60.00 indicating a possible upside of 0.13%.

On 5/15/2017, Oppenheimer released a statement for XPO Logistics (NYSE:XPO) bumped up the target price from $58.00 to $63.00 that suggested an upside of 0.16%.

Boasting a price of $53.10, XPO Logistics (NYSE:XPO) traded -1.81% lower on the day. With the last stock price close down 19.54% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. XPO Logistics has recorded a 50-day average of $58.87 and a two hundred day average of $55.67. Volume of trade was down over the average, with 609,124 shares of XPO changing hands under the typical 1,963,630

Recent Performance Chart

XPO Logistics (NYSE:XPO)

XPO Logistics has price-earnings ratio of 76.23 with a one year low of $31.68 and a 52 week high of $68.15 and has a market capitalization of $0.

In addition to Cowen reporting its target price, a total of 16 firms have released a research note on XPO. The one year target is $38.84 with eight equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, zero brokerages rating the company a hold, one broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On XPO Logistics (NYSE:XPO)

XPO Logistics, Inc. is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions. Its freight brokerage operations encompass truck brokerage globally, as well as intermodal, drayage and expedite services in North America. In Logistics segment, it provides warehousing and distribution solutions, such as factory support, aftermarket support, integrated manufacturing, packaging, labeling and transportation. As of December 31, 2016, the Company had more than 10,000 independent owner operators under contract to provide drayage, expedite, last mile and LTL services to its customers.

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