GXO Logistics, Inc. (NYSE:GXO) Receives Average Rating of “Moderate Buy” from Analysts

GXO Logistics, Inc. (NYSE:GXO) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $69.69.

Several analysts have issued reports on GXO shares. Susquehanna lifted their price target on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lowered their target price on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Stifel Nicolaus lifted their target price on GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. TD Cowen lifted their target price on GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Wednesday, March 27th.

Insider Transactions at GXO Logistics

In other news, Director Gena L. Ashe sold 4,737 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the sale, the director now owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors have recently made changes to their positions in GXO. Norges Bank bought a new stake in shares of GXO Logistics in the fourth quarter valued at approximately $65,002,000. Fort Pitt Capital Group LLC raised its position in GXO Logistics by 60.4% during the first quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock valued at $99,647,000 after purchasing an additional 698,180 shares in the last quarter. Handelsbanken Fonder AB raised its position in GXO Logistics by 3,033.0% during the fourth quarter. Handelsbanken Fonder AB now owns 570,200 shares of the company’s stock valued at $34,873,000 after purchasing an additional 552,000 shares in the last quarter. Payden & Rygel Investment Group acquired a new position in GXO Logistics during the third quarter valued at approximately $18,272,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in GXO Logistics by 127.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 554,731 shares of the company’s stock valued at $29,822,000 after purchasing an additional 311,168 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

GXO opened at $51.18 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. GXO Logistics has a 12 month low of $48.11 and a 12 month high of $67.57. The company has a fifty day simple moving average of $50.58 and a 200 day simple moving average of $54.37. The stock has a market cap of $6.11 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.11 and a beta of 1.63.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. On average, research analysts expect that GXO Logistics will post 2.78 EPS 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.