Citigroup Believes XPO Logistics (NYSE: XPO) Won’t Stop Here

By Ryan Adsit

In a report released today, Christian Wetherbee from Citigroup reiterated a Buy rating on XPO Logistics (NYSE: XPO), with a price target of $110. The company’s shares opened today at $88.99, close to its 52-week high of $90.25.

According to TipRanks.com, Wetherbee is a 4-star analyst with an average return of 9.5% and a 61.5% success rate. Wetherbee covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Navios Maritime Midstream, and Navios Maritime Holdings.

Currently, the analyst consensus on XPO Logistics is Strong Buy and the average price target is $83.86, representing a -5.8% downside.

In a report issued on December 22, Deutsche Bank also maintained a Buy rating on the stock.

XPO Logistics’ market cap is currently $10.77B and has a P/E ratio of 75.01. The company has a book value ratio of 3.2945.

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XPO Logistics, Inc. is a transportation and logistics company, which provides comprehensive supply chain solutions to the customers. It operates its business through the Transportation and Logistics segments.