GXO Logistics, Inc. (NYSE:GXO) Receives $67.00 Consensus Target Price from Analysts

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.00.

A number of equities analysts have issued reports on GXO shares. TD Cowen lifted their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup started coverage on GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays lifted their target price on GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th.

Hedge Funds Weigh In On GXO Logistics

Several large investors have recently modified their holdings of GXO. Mount Lucas Management LP boosted its holdings in GXO Logistics by 2.4% in 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. boosted its holdings in shares of GXO Logistics by 0.7% in the third quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock worth $1,326,000 after acquiring an additional 175 shares during the period. Nisa Investment Advisors LLC grew its position in shares of GXO Logistics by 7.7% in the third 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 raised its stake in shares of GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after purchasing an additional 238 shares during the period. Finally, Signaturefd LLC lifted its holdings in 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. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Down 1.7 %

Shares of NYSE GXO opened at $60.52 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 firm has a market cap of $7.23 billion, a PE ratio of 67.24, a P/E/G ratio of 1.82 and a beta of 1.55. The company’s fifty day simple moving average is $57.27 and its 200 day simple moving average is $52.77. GXO Logistics has a 12-month low of $46.07 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts forecast that GXO Logistics will post 2.77 earnings per share for the current fiscal year.

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.