XPO Logistics Inc is Initiated by Seaport Global Securities to “Buy”

XPO Logistics Inc (XPO) was Initiated by Seaport Global Securities to “Buy” and the brokerage firm has set the Price Target at $60. Seaport Global Securities advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, XPO Logistics Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.37. The company had revenue of $3713.80 million for the quarter, compared to analysts expectations of $3785.87 million. The company’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

XPO Logistics Inc opened for trading at $46.02 and hit $47.77 on the upside on Friday, eventually ending the session at $47, with a gain of 3.46% or 1.57 points. The heightened volatility saw the trading volume jump to 11,21,223 shares. Company has a market cap of $5,211 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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