XPO Logistics Inc (XPO) is Initiated by Buckingham Research to Buy, Price Target at $38

XPO Logistics Inc (XPO) was Initiated by Buckingham Research to “Buy” and the brokerage firm has set the Price Target at $38. Buckingham Research advised their investors in a research report released on May 17, 2016.

Many Wall Street Analysts have commented on XPO Logistics Inc. Shares were Reiterated by Cowen on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 36 from a previous price target of $44 .XPO Logistics Inc was Initiated by Morgan Stanley to “Overweight” on Feb 23, 2016.

On the company’s financial health, XPO Logistics Inc reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.18. The company had revenue of $3545.70 million for the quarter, compared to analysts expectations of $3569.16 million. The company’s revenue was up 404.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

XPO Logistics Inc closed down -0.25 points or -0.96% at $25.75 with 12,89,703 shares getting traded on Monday. Post opening the session at $26.21, the shares hit an intraday low of $25.33 and an intraday high of $26.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.

XPO Logistics Inc

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