GXO Logistics, Inc. (NYSE:GXO) Receives $66.33 Consensus Price Target from Analysts

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $66.33.

A number of brokerages have recently issued reports on GXO. Susquehanna cut their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th. TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup initiated coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. Oppenheimer raised their price objective on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Barclays decreased their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th.

GXO Logistics Price Performance

Shares of GXO opened at $41.93 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $57.16 and its two-hundred day moving average is $52.84. GXO Logistics has a twelve month low of $41.58 and a twelve month high of $63.33. The firm has a market capitalization of $5.01 billion, a PE ratio of 46.59, a P/E/G ratio of 1.49 and a beta of 1.52.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Research analysts anticipate that GXO Logistics will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics in the 3rd quarter valued at $28,000. UMB Bank n.a. grew its position in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares during the period. Signaturefd LLC increased its stake in GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC purchased a new position in GXO Logistics during the third quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after buying an additional 282 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Company Profile

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.