XPO Logistics Inc (XPO) is Initiated by JP Morgan to Overweight, Price Target at $40

XPO Logistics Inc (XPO) was Initiated by JP Morgan to “Overweight” and the brokerage firm has set the Price Target at $40. JP Morgan advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on XPO Logistics Inc. JP Morgan Initiated XPO Logistics Inc on Jul 11, 2016 to “Overweight”, Price Target of the shares are set at $40.Buckingham Research Initiated XPO Logistics Inc on May 17, 2016 to “Buy”, Price Target of the shares are set at $38.

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 opened for trading at $24.86 and hit $25.55 on the upside on Friday, eventually ending the session at $25, with a gain of 2.33% or 0.57 points. The heightened volatility saw the trading volume jump to 20,81,227 shares. Company has a market cap of $2,750 M.

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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