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

GXO Logistics, Inc. (NYSE:GXO) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four 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 brokers that have issued ratings on the stock in the last year is $57.62.

A number of research analysts have commented on the company. TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. The Goldman Sachs Group dropped 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. Barclays dropped their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group lowered their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

GXO Logistics Stock Down 3.5 %

GXO opened at $38.06 on Tuesday. 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’s fifty day simple moving average is $42.94 and its 200 day simple moving average is $50.11. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The stock has a market cap of $4.55 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60.

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

Institutional Trading of GXO Logistics

A number of hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the third quarter valued at $28,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics in the fourth quarter valued at $41,000. Summit Securities Group LLC raised its stake in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after buying an additional 897 shares during the period. Hara Capital LLC bought a new stake in shares of GXO Logistics in the third quarter valued at $50,000. Finally, R Squared Ltd bought a new stake in shares of GXO Logistics in the fourth quarter valued at $54,000. 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.