GXO Logistics (NYSE:GXO) Price Target Cut to $70.00 by Analysts at Stifel Nicolaus

GXO Logistics (NYSE:GXO) had its price objective cut by Stifel Nicolaus from $71.00 to $70.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also weighed in on GXO. Citigroup initiated coverage on GXO Logistics in a report on Wednesday. They set a “market outperform” rating for the company. Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $65.00 in a report on Wednesday, May 27th. Weiss Ratings cut shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Morgan Stanley boosted their price objective on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company decreased their target price on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.07.

GXO Logistics Price Performance

GXO Logistics stock opened at $52.26 on Wednesday. GXO Logistics has a one year low of $45.40 and a one year high of $66.85. The business has a fifty day moving average price of $49.70 and a 200-day moving average price of $54.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $6.01 billion, a P/E ratio of 45.84, a PEG ratio of 1.64 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, equities research analysts forecast that GXO Logistics will post 3.07 EPS for the current year.

Institutional Trading of GXO Logistics

Several institutional investors and hedge funds have recently modified their holdings of GXO. Northwestern Mutual Wealth Management Co. grew its holdings in shares of GXO Logistics by 3,222,426.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after purchasing an additional 11,697,409 shares in the last quarter. Focus Partners Wealth purchased a new stake in GXO Logistics in the fourth quarter valued at approximately $181,648,000. Victory Capital Management Inc. raised its stake in GXO Logistics by 1,168.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock valued at $62,706,000 after purchasing an additional 1,097,298 shares in the last quarter. Norges Bank bought a new stake in GXO Logistics during the fourth quarter valued at approximately $57,598,000. Finally, Milford Funds Ltd. bought a new stake in GXO Logistics during the fourth quarter valued at approximately $43,250,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

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.