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

Shares of GXO Logistics, Inc. (NYSE:GXO) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $66.33.

GXO has been the topic of a number of analyst reports. Barclays decreased their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Oppenheimer upped 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. TD Cowen increased their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, 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.

GXO Logistics Trading Down 3.9 %

NYSE:GXO opened at $42.94 on Monday. The firm has a market cap of $5.13 billion, a P/E ratio of 47.71, a P/E/G ratio of 1.47 and a beta of 1.60. The firm’s fifty day moving average is $51.78 and its 200-day moving average is $52.27. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics has a 52 week low of $41.38 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Equities analysts expect that GXO Logistics will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GXO. William Blair Investment Management LLC raised its holdings in GXO Logistics by 0.6% during the second quarter. William Blair Investment Management LLC now owns 469,305 shares of the company’s stock worth $23,700,000 after buying an additional 2,784 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in GXO Logistics by 20.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,124 shares of the company’s stock valued at $259,000 after purchasing an additional 880 shares during the period. Rathbones Group PLC increased its position in shares of GXO Logistics by 24.3% in the second quarter. Rathbones Group PLC now owns 50,410 shares of the company’s stock worth $2,546,000 after purchasing an additional 9,865 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in GXO Logistics by 19.2% in the second quarter. Brown Brothers Harriman & Co. now owns 472,438 shares of the company’s stock valued at $23,858,000 after purchasing an additional 76,137 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 worth $121,140,000 after purchasing an additional 240,766 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

About GXO Logistics

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.