Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $67.27

GXO Logistics, Inc. (NYSE:GXO) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $66.91.

Several equities research analysts recently commented on the stock. 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. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday. They set a “buy” rating and a $60.00 target price 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. Finally, UBS Group cut their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.

GXO Logistics Price Performance

NYSE:GXO opened at $61.98 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. GXO Logistics has a 52 week low of $46.07 and a 52 week high of $63.07. The stock’s 50-day moving average price is $49.96 and its 200-day moving average price is $50.69. The stock has a market capitalization of $7.40 billion, a PE ratio of 52.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.59.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.73 billion. GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. As a group, equities analysts expect that GXO Logistics will post 2.79 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Hedge funds have recently modified their holdings of the company. Bayberry Capital Partners LP boosted its holdings in GXO Logistics by 46.9% in the 4th quarter. Bayberry Capital Partners LP now owns 238,000 shares of the company’s stock valued at $14,556,000 after purchasing an additional 76,000 shares during the last quarter. Retirement Systems of Alabama grew its position in GXO Logistics by 6.1% in the first quarter. Retirement Systems of Alabama now owns 318,034 shares of the company’s stock worth $17,098,000 after acquiring an additional 18,184 shares during the period. George Kaiser Family Foundation acquired a new stake in GXO Logistics during the first quarter worth $1,014,000. Fort Pitt Capital Group LLC raised its position in GXO Logistics by 60.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock valued at $99,647,000 after purchasing an additional 698,180 shares during the period. Finally, Swedbank AB lifted its stake in shares of GXO Logistics by 15.9% in the 2nd quarter. Swedbank AB now owns 1,825,000 shares of the company’s stock valued at $92,162,000 after purchasing an additional 250,000 shares during the last quarter. Hedge funds and other institutional investors 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.