GXO Logistics, Inc. (NYSE:GXO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $66.33.

A number of analysts have recently issued reports on GXO shares. Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. TD Cowen raised their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays decreased their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Hedge Funds Weigh In On GXO Logistics

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in shares of GXO Logistics by 113.3% in the second quarter. SG Americas Securities LLC now owns 10,273 shares of the company’s stock worth $519,000 after buying an additional 5,457 shares during the last quarter. Raymond James & Associates lifted its position in shares of GXO Logistics by 42.5% during the second quarter. Raymond James & Associates now owns 401,215 shares of the company’s stock worth $20,261,000 after purchasing an additional 119,586 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in GXO Logistics in the second quarter worth about $198,000. 1620 Investment Advisors Inc. bought a new stake in GXO Logistics in the second quarter valued at about $112,000. Finally, &PARTNERS acquired a new stake in GXO Logistics during the second quarter valued at approximately $424,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 0.1 %

Shares of GXO opened at $41.93 on Thursday. GXO Logistics has a fifty-two week low of $41.58 and a fifty-two week high of $63.33. The company’s fifty day moving average is $57.16 and its two-hundred day moving average is $52.84. The firm has a market cap of $5.01 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last issued its earnings results 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. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. Analysts forecast that GXO Logistics will post 2.76 earnings per share for the current year.

About GXO Logistics

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.