J.P. Morgan Believes XPO Won’t Stop Here

By Jason Carr

J.P. Morgan analyst Brian Ossenbeck reiterated a Buy rating on XPO Logistics (NYSE: XPO) yesterday. The company’s shares opened today at $34.90, close to its 52-week high of $37.94.

According to TipRanks.com, Ossenbeck is a 3-star analyst with an average return of 4.3% and a 52.4% success rate. Ossenbeck covers the Services sector, focusing on stocks such as Echo Global Logistics, Kansas City Southern, and Union Pacific Corp.

Currently, the analyst consensus on XPO Logistics is Strong Buy and the average price target is $44.25, representing a 26.8% upside.

In a report issued on October 28, Citigroup also reiterated a Buy rating on the stock with a $38 price target.

The company has a one year high of $37.94 and a one year low of $18.04. Currently, XPO Logistics has an average volume of 1.46M.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Government Of Singapore Investment Corp Pte Ltd Et, a Major Shareholder at XPO sold 550,000 shares for a total of $20,252,650.

XPO Logistics, Inc. is a transportation and logistics company, which provides comprehensive supply chain solutions to the customers. Its customers are multinational, national, mid-size and small enterprises in the world. The company operates its business through two reportable segments: Transportation and Logistics. The Transportation segment provide freight brokerage, last mile, expedite, intermodal, LTL, full truckload, and global forwarding services. Freight brokerage, last mile, expedite and global forwarding are all non-asset or asset-light businesses. The Logistics segment refers supply chain; the Company provides contract logistics services, including highly engineered and customized solutions, e-commerce fulfillment and reverse logistics, as well as warehousing and distribution solutions such as factory support, aftermarket support, integrated manufacturing, packaging, labeling, distribution and transportation. XPO Logistics was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.