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Raymond James Stick to Their Buy Rating for XPO Logistics

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Raymond James analyst Patrick Brown maintained a Buy rating on XPO Logistics (NYSE:XPO) on Tuesday, setting a price target of $95, which is approximately 10.12% above the present share price of $86.27.

Brown expects XPO Logistics to post earnings per share (EPS) of -$1.45 for the third quarter of 2020.

The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in XPO Logistics, with an average price target of $93.45.
The analysts price targets range from a high of $119 to a low of $75.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.5 billion and a net profit of -$141 million. The company’s market cap is $7.88 billion.

According to TipRanks.com, Raymond James analyst Patrick Brown is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.1% and a 78.42% success rate.

XPO Logistics, Inc. engages in the provision of supply chain solutions. It operates through the following segments: Transportation and Logistics. The Transportation segment includes truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. The Logistics segment includes value-added warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.

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