Analysts Set GXO Logistics, Inc. (NYSE:GXO) PT at $66.33

GXO Logistics, Inc. (NYSE:GXO) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $65.38.

A number of research analysts have commented on GXO shares. Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. TD Cowen raised their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Susquehanna reduced their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. Barclays dropped their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group reduced their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $43.98 on Monday. The company’s fifty day moving average is $50.21 and its 200 day moving average is $52.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics has a 52 week low of $41.38 and a 52 week high of $63.33. The stock has a market cap of $5.25 billion, a PE ratio of 48.86, a PEG ratio of 1.10 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Research analysts anticipate that GXO Logistics will post 2.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GXO. Janney Montgomery Scott LLC boosted its stake in shares of GXO Logistics by 14.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,167 shares of the company’s stock worth $660,000 after acquiring an additional 1,933 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in GXO Logistics by 16.3% during the fourth quarter. Arkadios Wealth Advisors now owns 6,498 shares of the company’s stock valued at $283,000 after purchasing an additional 909 shares during the period. Avanza Fonder AB purchased a new stake in GXO Logistics in the fourth quarter worth about $117,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after buying an additional 933 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of GXO Logistics during the 4th quarter valued at about $182,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

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.