XPO Logistics (XPO) Gets a Hold Rating from Morgan Stanley

By Jason Carr

Morgan Stanley analyst Ravi Shanker maintained a Hold rating on XPO Logistics (XPOResearch Report) today and set a price target of $84.00. The company’s shares closed last Monday at $84.29, close to its 52-week high of $87.78.

According to TipRanks.com, Shanker is a 3-star analyst with an average return of 1.3% and a 55.1% success rate. Shanker covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and Werner Enterprises.

XPO Logistics has an analyst consensus of Strong Buy, with a price target consensus of $88.78, which is a 5.4% upside from current levels. In a report issued on October 30, Merrill Lynch also downgraded the stock to Hold with a $87.00 price target.

See today’s analyst top recommended stocks >>

Based on XPO Logistics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.24 billion and net profit of $122 million. In comparison, last year the company had a net profit of $102 million.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

XPO Logistics, Inc. engages in the provision of supply chain solutions. It operates through the Transportation and Logistics segments. The Transportation segment includes freight brokerage, last mile, less-than-truckload, full truck load, and global forwarding services.