GXO Logistics’ (GXO) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of GXO Logistics (NYSE:GXO) in a research note released on Friday,Benzinga reports. The firm currently has a $66.00 price target on the stock, down from their previous price target of $74.00.

A number of other equities research analysts also recently weighed in on the company. TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer raised their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.54.

GXO Logistics Stock Performance

GXO stock opened at $39.49 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $44.40 and its two-hundred day simple moving average is $50.79. GXO Logistics has a twelve month low of $34.51 and a twelve month high of $63.33. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Analysts predict that GXO Logistics will post 2.73 earnings per share for the current year.

Institutional Investors Weigh In On GXO Logistics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after buying an additional 212,254 shares during the period. Clearbridge Investments LLC increased its holdings in GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after purchasing an additional 153,522 shares during the period. State Street Corp increased its holdings in GXO Logistics by 1.9% during the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after purchasing an additional 66,232 shares during the period. Dimensional Fund Advisors LP increased its holdings in GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock worth $121,718,000 after purchasing an additional 50,682 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its holdings in GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after purchasing an additional 2,612,223 shares during the period. 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.