GXO Logistics, Inc. (NYSE:GXO) Receives $54.57 Average Target Price from Analysts

Shares of GXO Logistics, Inc. (NYSE:GXO) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $54.57.

GXO has been the topic of several recent research reports. Oppenheimer dropped their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 price target on the stock. Citigroup decreased their price objective on GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial dropped their target price on GXO Logistics from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, April 24th.

Institutional Investors Weigh In On GXO Logistics

Several large investors have recently bought and sold shares of the company. Advisors Capital Management LLC grew its stake in GXO Logistics by 17.2% during the 1st quarter. Advisors Capital Management LLC now owns 130,248 shares of the company’s stock valued at $5,090,000 after acquiring an additional 19,157 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of GXO Logistics by 4,775.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after purchasing an additional 1,958 shares during the last quarter. Bayforest Capital Ltd purchased a new position in GXO Logistics during the first quarter worth approximately $151,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in GXO Logistics by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock worth $14,741,000 after buying an additional 8,670 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in GXO Logistics in the 1st quarter valued at $307,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Trading Down 1.8%

NYSE GXO opened at $42.94 on Thursday. GXO Logistics has a 12-month low of $30.46 and a 12-month high of $63.33. The company has a fifty day simple moving average of $38.56 and a two-hundred day simple moving average of $41.54. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.91 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.34 and a beta of 1.59.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, analysts forecast that GXO Logistics will post 2.49 earnings per share for the current 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.