Zacks Investment Research recorded XPO Logistics Inc (NYSE:XPO), raising its target price to $41.00 today
- Updated: October 12, 2016
Boasting a price of $36.46, XPO Logistics Inc (NYSE:XPO) traded -0.11% lower on the day. With the last close up 17.83% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. XPO Logistics Inc has recorded a 50-day average of $35.67 and a two hundred day average of $31.02. Volume of trade was down over the average, with 903,919 shares of XPO changing hands under the typical 1,497,290
XPO Logistics Inc (NYSE:XPO) had its target price upped to $41.00 by Zacks Investment Research in an issued report released Wednesday October 12, 2016. The new stock price target implies a possible upside of 0.12% based on the company's most recent close.
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 equity analysts have released a ratings update on XPO. Eight equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, zero equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $38.84.
Brief Synopsis 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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