XPO Logistics Inc (NYSE:XPO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 6, 2016
Zacks Investment Research has downgraded XPO Logistics Inc (NYSE:XPO) to Hold in a statement released on Thursday October 06, 2016.
On 10/01/2016, Zacks Investment Research released a statement on XPO Logistics Inc (NYSE:XPO) upped the target price from $0.00 to $41.00 that suggested an upside of 0.12%.
Having a price of $37.12, XPO Logistics Inc (NYSE:XPO) traded -1.38% lower on the day. With the last close up 18.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. XPO Logistics Inc has recorded a 50-day average of $35.62 and a two hundred day average of $30.86. Volume of trade was down over the average, with 348,162 shares of XPO changing hands under the typical 1,543,060
With a total market value of $0, XPO Logistics Inc has with a one year low of $18.04 and a one year high of $37.94 .
A total of 16 analysts have released a research note on XPO Logistics Inc. Eight analysts rating the company a strong buy, eight analysts rating the company a buy, zero analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $38.84.
More About XPO Logistics Inc (NYSE:XPO)
XPO Logistics, Inc. is a transportation and logistics company. The Company provides supply chain solutions. The Company operates in two segments: Transportation and Logistics. In the Transportation segment, it provides multiple services to facilitate the movement of raw materials, parts and finished goods. Its transportation services include freight brokerage, last mile, expedite, intermodal, less-than-truckload (LTL), full truckload and global forwarding services. Freight brokerage, last mile, expedite and global forwarding are all non-asset or asset-light businesses. LTL and full truckload are asset-based. In Logistics segment, it provides a range of contract logistics services, including highly engineered and customized solutions, e-commerce fulfillment and reverse logistics, as well as warehousing and distribution solutions, such as factory support, aftermarket support, integrated manufacturing, packaging, labeling, distribution and transportation.
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