GXO Logistics (NYSE:GXO) Price Target Lowered to $55.00 at Truist Financial

GXO Logistics (NYSE:GXO) had its price objective cut by Truist Financial from $70.00 to $55.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

GXO has been the topic of a number of other reports. Wall Street Zen lowered GXO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Morgan Stanley upped their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Wells Fargo & Company decreased their price objective on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Stifel Nicolaus dropped their target price on GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stephens initiated coverage on GXO Logistics in a research note on Wednesday, July 8th. They set an “overweight” rating and a $75.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.07.

GXO Logistics Trading Up 5.2%

NYSE:GXO opened at $52.26 on Wednesday. The firm has a market capitalization of $6.01 billion, a P/E ratio of 45.84, a P/E/G ratio of 1.64 and a beta of 1.55. The business has a 50 day simple moving average of $49.70 and a 200 day simple moving average 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. GXO Logistics has a 12-month low of $45.40 and a 12-month high of $66.85.

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

Institutional Investors Weigh In On GXO Logistics

Several hedge funds have recently made changes to their positions in GXO. GAMMA Investing LLC raised its position in shares of GXO Logistics by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 1,634 shares of the company’s stock valued at $86,000 after acquiring an additional 205 shares during the last quarter. First Bank & Trust lifted its stake in shares of GXO Logistics by 4.0% in the 4th quarter. First Bank & Trust now owns 5,696 shares of the company’s stock valued at $300,000 after purchasing an additional 219 shares during the period. UMB Bank n.a. boosted its position in shares of GXO Logistics by 15.2% in the 4th quarter. UMB Bank n.a. now owns 1,674 shares of the company’s stock worth $88,000 after purchasing an additional 221 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of GXO Logistics by 5.3% in the 4th quarter. Guggenheim Capital LLC now owns 4,445 shares of the company’s stock worth $234,000 after purchasing an additional 225 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of GXO Logistics by 9.4% during the first quarter. Parallel Advisors LLC now owns 2,723 shares of the company’s stock worth $141,000 after purchasing an additional 233 shares during the period. 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.