XPO Logistics (XPO): Price Target and June Short Interest Disclosure

XPO Logistics (XPO) : The consensus price target for XPO Logistics (XPO) is $38.08 for the short term with a standard deviation of $9.29. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $60, however, the pessimist price target for the company is $18.

The short interest in XPO Logistics (XPO) has increased from 18,809,865 on June 15,2016 to 20,159,800 on June 30,2016. The change was measured at 1,349,935 shares or 7.2%. The leftover shorts were 18.6% of the floated shares. The days to cover are 10, given the average daily volume of 2,120,154 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Citigroup maintains its rating on XPO Logistics (NYSE:XPO).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $33 per share to $38 per share. The rating by the firm was issued on April 14, 2016.


XPO Logistics (NYSE:XPO): On Thursdays trading session , Opening price of the stock was $27.58 with an intraday high of $27.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.115. However, the stock managed to close at $26.35, a loss of 3.55% for the day. On the previous day, the stock had closed at $27.32. The total traded volume of the day was 1,905,976 shares.

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.

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