It has been a very mixed earnings season for they transports thus we are not overly optimistic coming into earnings, but from a technical perspective it looks like the stock wants to go higher.
AVERAGE ANALYSTS PRICE TARGET $78
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 24
SHORT INTEREST 11%
COMPANY PROFILE
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. The Logistics segment refers to supply chain or contract logistics, which offers customized solutions, temperature-controlled warehousing, omnichannel logistics e-fulfillment, and transportation management. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.
AVERAGE ANALYSTS PRICE TARGET $78
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 24
SHORT INTEREST 11%
COMPANY PROFILE
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. The Logistics segment refers to supply chain or contract logistics, which offers customized solutions, temperature-controlled warehousing, omnichannel logistics e-fulfillment, and transportation management. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.