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

Shares of GXO Logistics, Inc. (NYSE:GXO) have received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $63.46.

Several analysts recently weighed in on 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 note on Thursday, January 16th. UBS Group increased their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $71.00 to $49.00 in a research report on Monday. Oppenheimer increased their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays dropped 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 report on Wednesday, December 4th.

Institutional Investors Weigh In On GXO Logistics

Several large investors have recently modified their holdings of GXO. Mount Lucas Management LP lifted its position in shares of GXO Logistics by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock worth $382,000 after buying an additional 173 shares during the period. Mathes Company Inc. lifted its holdings in shares of GXO Logistics by 0.7% during the third quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after acquiring an additional 175 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after purchasing an additional 220 shares in the last quarter. CWM LLC grew its holdings in shares of GXO Logistics by 13.8% in the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after purchasing an additional 238 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $43.84 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $46.06 and a 200-day simple moving average of $51.41. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 1.24 and a beta of 1.60. GXO Logistics has a 1-year low of $41.38 and a 1-year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during 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 business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. On average, sell-side analysts expect that GXO Logistics will post 2.73 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.