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

GXO Logistics, Inc. (NYSE:GXO) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $67.00.

A number of research firms recently issued reports on GXO. Barclays lifted their price target on shares of GXO Logistics from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group boosted their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. TD Cowen upped their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup assumed coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Susquehanna reduced their target price on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a report on Thursday, September 26th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC acquired a new position in GXO Logistics in the first quarter valued at about $446,000. Quadrature Capital Ltd boosted its position in shares of GXO Logistics by 179.9% during the 1st quarter. Quadrature Capital Ltd now owns 22,405 shares of the company’s stock worth $1,205,000 after purchasing an additional 14,400 shares during the period. LRI Investments LLC acquired a new stake in GXO Logistics in the 1st quarter valued at approximately $80,000. Bayberry Capital Partners LP raised its position in GXO Logistics by 14.7% in the first quarter. Bayberry Capital Partners LP now owns 273,000 shares of the company’s stock valued at $14,676,000 after purchasing an additional 35,000 shares during the period. Finally, Ionic Capital Management LLC lifted its stake in GXO Logistics by 7.4% during the first quarter. Ionic Capital Management LLC now owns 116,047 shares of the company’s stock worth $6,239,000 after purchasing an additional 8,000 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Performance

Shares of NYSE GXO opened at $60.47 on Friday. GXO Logistics has a 1 year low of $46.07 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company’s fifty day moving average price is $57.06 and its 200 day moving average price is $52.70. The company has a market capitalization of $7.23 billion, a PE ratio of 67.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last posted its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, research analysts predict that GXO Logistics will post 2.77 earnings per share for the current 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.