Stephens assumed coverage on shares of GXO Logistics (NYSE:GXO – Free Report) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage issued an overweight rating and a $75.00 price target on the stock.
A number of other analysts have also issued reports on the stock. Weiss Ratings lowered shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Wednesday, May 27th. Stifel Nicolaus set a $71.00 price objective on GXO Logistics in a report on Thursday, May 7th. Finally, Morgan Stanley boosted their target price on GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.54.
Get Our Latest Stock Analysis on GXO
GXO Logistics Price Performance
GXO Logistics (NYSE:GXO – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, analysts predict that GXO Logistics will post 3.07 EPS for the current year.
Hedge Funds Weigh In On GXO Logistics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in GXO Logistics by 29.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after buying an additional 9,134 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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. Geneos Wealth Management Inc. lifted its holdings in shares of GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after buying an additional 1,958 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of GXO Logistics by 2.0% during the second quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock worth $622,000 after buying an additional 253 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of GXO Logistics in the second quarter valued at approximately $271,000. Institutional investors and hedge funds own 90.67% of the company’s stock.
About GXO Logistics
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.
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