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

Shares of GXO Logistics, Inc. (NYSE:GXO) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $56.71.

A number of analysts have commented on the company. Oppenheimer lowered their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company lowered their price target on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft assumed coverage on GXO Logistics in a research report on Friday. They set a “hold” rating and a $45.00 price target for the company. Morgan Stanley lowered their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Finally, Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $71.00 to $49.00 in a report on Monday, February 3rd.

Hedge Funds Weigh In On GXO Logistics

A number of large investors have recently bought and sold shares of the business. Mount Lucas Management LP raised its holdings in GXO Logistics by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after purchasing an additional 173 shares during the period. Nisa Investment Advisors LLC raised its holdings in GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock worth $160,000 after purchasing an additional 220 shares during the period. Arizona State Retirement System raised its holdings in GXO Logistics by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock worth $1,508,000 after purchasing an additional 281 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in GXO Logistics by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company’s stock worth $2,245,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 1.6 %

Shares of GXO stock opened at $37.49 on Tuesday. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The stock’s fifty day moving average price is $42.46 and its 200 day moving average price is $49.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. On average, research analysts expect that GXO Logistics will post 2.49 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.