Wells Fargo analyst Allison Poliniak maintained a Buy rating on XPO (XPO – Research Report) today and set a price target of $110.00. The company’s shares closed yesterday at $85.00.
Poliniak covers the Industrials sector, focusing on stocks such as Greenbrier, Ryder System, and RXO, Inc.. According to TipRanks, Poliniak has an average return of 10.9% and a 62.86% success rate on recommended stocks.
In addition to Wells Fargo, XPO also received a Buy from Barclays’s Brandon Oglenski in a report issued on January 10. However, on the same day, Stifel Nicolaus maintained a Hold rating on XPO (NYSE: XPO).
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Based on XPO’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.98 billion and a net profit of $84 million. In comparison, last year the company earned a revenue of $1.95 billion and had a net profit of $131 million
Based on the recent corporate insider activity of 12 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.
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