Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $69.00

GXO Logistics, Inc. (NYSE:GXO) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $69.00.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on GXO Logistics in a research report on Friday, June 7th. They issued an “overweight” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $74.00 price objective on shares of GXO Logistics in a research report on Wednesday, May 15th. Loop Capital lowered their price objective on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $70.00 price objective on shares of GXO Logistics in a research report on Tuesday, May 14th.

GXO Logistics Trading Up 0.7 %

NYSE:GXO opened at $55.70 on Monday. The company has a market cap of $6.65 billion, a P/E ratio of 40.07, a P/E/G ratio of 1.67 and a beta of 1.60. The stock’s fifty day moving average price is $50.61 and its two-hundred day moving average price is $51.88. GXO Logistics has a 1 year low of $46.38 and a 1 year high of $67.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.94 and a quick ratio of 0.94.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. As a group, analysts expect that GXO Logistics will post 2.78 EPS for the current year.

Insider Buying and Selling at GXO Logistics

In related news, CEO Malcolm Wilson acquired 10,000 shares of GXO Logistics stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $49.95 per share, with a total value of $499,500.00. Following the completion of the purchase, the chief executive officer now owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GXO. Pacer Advisors Inc. grew its stake in shares of GXO Logistics by 79.2% during the fourth quarter. Pacer Advisors Inc. now owns 17,972 shares of the company’s stock valued at $1,099,000 after buying an additional 7,943 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of GXO Logistics by 11.3% in the fourth quarter. Reinhart Partners LLC. now owns 541,094 shares of the company’s stock worth $33,093,000 after purchasing an additional 54,785 shares during the last quarter. WASHINGTON TRUST Co grew its stake in shares of GXO Logistics by 17.0% in the fourth quarter. WASHINGTON TRUST Co now owns 184,697 shares of the company’s stock worth $11,296,000 after purchasing an additional 26,831 shares during the last quarter. Future Financial Wealth Managment LLC grew its stake in shares of GXO Logistics by 26.2% in the fourth quarter. Future Financial Wealth Managment LLC now owns 4,335 shares of the company’s stock worth $265,000 after purchasing an additional 900 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of GXO Logistics by 1.2% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 84,170 shares of the company’s stock worth $5,148,000 after purchasing an additional 1,032 shares during the last quarter. 90.67% of the stock is owned by 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.