UBS Group Forecasts Strong Price Appreciation for GXO Logistics (NYSE:GXO) Stock

GXO Logistics (NYSE:GXO) had its price objective boosted by UBS Group from $66.00 to $72.00 in a report issued on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

GXO has been the subject of a number of other research reports. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Susquehanna dropped their price target 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. Finally, TD Cowen raised their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.55.

GXO Logistics Stock Down 1.1 %

NYSE GXO traded down $0.67 during trading hours on Wednesday, reaching $59.75. 640,761 shares of the company traded hands, compared to its average volume of 1,875,850. The stock has a market capitalization of $7.14 billion, a PE ratio of 66.39, a PEG ratio of 1.84 and a beta of 1.55. GXO Logistics has a 12 month low of $46.07 and a 12 month high of $63.33. The company has a 50 day moving average of $54.95 and a two-hundred day moving average of $52.04. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its 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. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the business posted $0.69 EPS. GXO Logistics’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts expect that GXO Logistics will post 2.78 earnings per share for the current year.

Institutional Trading of GXO Logistics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in GXO Logistics by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 11,228,350 shares of the company’s stock worth $603,636,000 after acquiring an additional 82,485 shares in the last quarter. American Century Companies Inc. lifted its position in shares of GXO Logistics by 25.2% in the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after purchasing an additional 648,547 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of GXO Logistics by 0.5% during the first quarter. Clearbridge Investments LLC now owns 2,956,981 shares of the company’s stock worth $158,967,000 after purchasing an additional 15,463 shares during the period. Fort Pitt Capital Group LLC grew its position in GXO Logistics by 2.1% during the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock valued at $128,499,000 after purchasing an additional 51,208 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in GXO Logistics by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock valued at $121,140,000 after purchasing an additional 240,766 shares in 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.