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

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $56.00.

Several equities analysts have recently issued reports on the company. Truist Financial assumed coverage on GXO Logistics in a report on Thursday, March 13th. They issued a “hold” rating and a $40.00 target price for the company. The Goldman Sachs Group decreased their target price 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. Oppenheimer lowered their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. UBS Group reduced their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $39.33 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.70 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The stock’s fifty day simple moving average is $41.31 and its two-hundred day simple moving average is $48.83. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, analysts forecast that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Trading of GXO Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its holdings in GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock valued at $3,960,000 after buying an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC increased its holdings in GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after acquiring an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in GXO Logistics by 2.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares in the last quarter. Tidal Investments LLC bought a new position in GXO Logistics in the 3rd quarter valued at $667,000. Finally, Barclays PLC grew its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after purchasing an additional 14,020 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

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.