GXO Logistics, Inc. (NYSE:GXO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

GXO has been the subject of a number of research reports. Oppenheimer boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. UBS Group boosted their price target on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup started coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. Susquehanna lowered their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Finally, Barclays lowered their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th.

Institutional Trading of GXO Logistics

Several hedge funds have recently made changes to their positions in the business. Eminence Capital LP bought a new position in shares of GXO Logistics during the 2nd quarter valued at approximately $79,698,000. Spruce House Investment Management LLC lifted its holdings in shares of GXO Logistics by 827.8% in the 2nd quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock worth $45,450,000 after acquiring an additional 803,000 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of GXO Logistics by 25.2% during the 2nd 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 during the period. Global Alpha Capital Management Ltd. bought a new position in GXO Logistics during the 3rd quarter valued at about $32,434,000. Finally, Fort Pitt Capital Group LLC raised its position in GXO Logistics by 30.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 2,416,606 shares of the company’s stock worth $122,039,000 after purchasing an additional 563,057 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 3.9 %

GXO stock opened at $45.11 on Thursday. The stock has a market capitalization of $5.39 billion, a P/E ratio of 50.12, a P/E/G ratio of 1.49 and a beta of 1.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics has a 1-year low of $45.11 and a 1-year high of $63.33. The business has a fifty day moving average price of $57.87 and a 200-day moving average price of $52.94.

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

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.