GXO Logistics, Inc. (NYSE:GXO) Given Average Recommendation of “Moderate Buy” by Analysts

GXO Logistics, Inc. (NYSE:GXO) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $66.91.

A number of research firms recently commented on GXO. Citigroup began coverage on GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target for the company. UBS Group decreased their price target on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Finally, Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th.

GXO Logistics Stock Performance

NYSE:GXO opened at $57.69 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50-day moving average of $54.12 and a two-hundred day moving average of $51.79. The stock has a market cap of $6.89 billion, a P/E ratio of 49.31, a PEG ratio of 1.75 and a beta of 1.55. GXO Logistics has a 1-year low of $46.07 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. On average, research analysts expect that GXO Logistics will post 2.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics in the third quarter valued at approximately $28,000. UMB Bank n.a. raised its holdings in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC raised its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the last quarter. Hara Capital LLC bought a new stake in shares of GXO Logistics during the third quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of GXO Logistics by 37.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after buying an additional 282 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.