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

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given an average rating of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $68.75.

A number of research firms recently issued reports on GXO. UBS Group upped their price target on shares of GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their target price on shares of GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 price target on shares of GXO Logistics in a report on Thursday. Truist Financial lifted their price target on GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th.

Insiders Place Their Bets

In other news, Director Todd C. Cooper acquired 6,000 shares of the company’s stock in a transaction on Friday, November 28th. The stock was bought at an average cost of $50.59 per share, with a total value of $303,540.00. Following the completion of the purchase, the director directly owned 10,040 shares of the company’s stock, valued at $507,923.60. This represents a 148.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of GXO Logistics by 175.0% during the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 329 shares during the period. Accredited Wealth Management LLC lifted its stake in GXO Logistics by 1,100.0% in the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock worth $32,000 after purchasing an additional 550 shares during the last quarter. Chapman Financial Group LLC bought a new stake in GXO Logistics in the second quarter worth about $34,000. Farther Finance Advisors LLC boosted its position in shares of GXO Logistics by 177.9% during the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after buying an additional 491 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of GXO Logistics by 1,964.4% during the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock valued at $45,000 after buying an additional 884 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $65.42 on Tuesday. The firm has a market cap of $7.49 billion, a PE ratio of 218.08, a PEG ratio of 2.24 and a beta of 1.65. The stock has a 50 day moving average of $56.20 and a 200 day moving average of $53.47. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. GXO Logistics has a 12 month low of $30.46 and a 12 month high of $66.85.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.48 billion. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. On average, research analysts expect that GXO Logistics will post 2.49 EPS for the current fiscal year.

GXO Logistics Company Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.