GXO Logistics, Inc. (NYSE:GXO) Receives $66.33 Average Price Target from Analysts

Shares of GXO Logistics, Inc. (NYSE:GXO) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $65.38.

A number of brokerages have recently weighed in on GXO. Citigroup assumed coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group increased their target price on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays lowered their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Finally, TD Cowen increased their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

Institutional Trading of GXO Logistics

Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in shares of GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after acquiring an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after purchasing an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter worth about $667,000. Finally, Barclays PLC grew its holdings in shares of GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after buying an additional 14,020 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 0.9 %

Shares of NYSE GXO opened at $43.98 on Monday. GXO Logistics has a 12-month low of $41.38 and a 12-month high of $63.33. The stock’s fifty day simple moving average is $50.21 and its two-hundred day simple moving average is $52.07. The stock has a market capitalization of $5.25 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. As a group, analysts expect that GXO Logistics will post 2.74 EPS for the current fiscal year.

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.