In a report released today, Jason Seidl from TD Cowen reiterated a Buy rating on XPO (XPO – Research Report), with a price target of $96.00. The company’s shares closed today at $86.35.
According to TipRanks, Seidl is a top 25 analyst with an average return of 24.9% and a 72.58% success rate. Seidl covers the Industrials sector, focusing on stocks such as XPO, Knight Transportation, and Old Dominion Freight.
In addition to TD Cowen, XPO also received a Buy from Jefferies’s Stephanie Moore in a report issued on December 14. However, on December 8, Morgan Stanley maintained a Hold rating on XPO (NYSE: XPO).
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The company has a one-year high of $90.78 and a one-year low of $29.02. Currently, XPO has an average volume of 1.66M.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XPO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
XPO (XPO) Company Description:
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.
Read More on XPO:
- XPO Named One of “America’s Greatest Workplaces for Diversity for 2024” by Newsweek
- XPO Approved to Acquire 28 Service Centers as Part of Yellow’s Chapter 11 Bankruptcy
- XPO approved to buy 28 service centers as part of Yellow’s bankruptcy
- XPO, Inc price target raised by $12 at Citi, here’s why
- XPO, Inc price target raised to $96 from $87 at TD Cowen
