XPO Logistics Initiated with a Buy at Deutsche Bank

By Jason Carr

XPO Logistics (NYSE: XPO) received a Buy rating from Deutsche Bank analyst Robert Salmon today. The company’s shares opened today at $32.17.

According to TipRanks.com, Salmon is a 4-star analyst with an average return of 2.5% and a 49.5% success rate. Salmon covers the Services sector, focusing on stocks such as Fortress Transportation, Knight Transportation, and Old Dominion Freight.

Currently, the analyst consensus on XPO Logistics is Strong Buy and the average price target is $45.67, representing a 42.0% upside.

In a report issued on October 28, Oppenheimer also assigned a Buy rating to the stock with a $42 price target.

Based on XPO Logistics’ latest earnings report from December 31, the company posted quarterly revenue of $3.34B and quarterly net profit of -$61.8M. In comparison, last year the company earned revenue of $2.36B and had a net profit of -$40.4M.

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.