GXO Logistics, Inc. (NYSE:GXO) Receives $56.00 Consensus PT from Analysts

Shares of GXO Logistics, Inc. (NYSE:GXO) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Five 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 analysts that have issued a report on the stock in the last year is $56.00.

GXO has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. UBS Group reduced their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 price objective for the company. The Goldman Sachs Group dropped their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Oppenheimer lowered their price target on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $39.12 on Friday. The firm has a 50 day moving average of $41.22 and a 200-day moving average of $48.76. GXO Logistics has a 12 month low of $34.51 and a 12 month high of $63.33. 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 capitalization of $4.68 billion, a PE ratio of 34.93, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, equities research analysts predict that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of institutional investors have recently made changes to their positions in GXO. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics in the fourth quarter worth approximately $41,000. Summit Securities Group LLC lifted its position in shares of GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after purchasing an additional 897 shares during the period. R Squared Ltd bought a new stake in shares of GXO Logistics in the 4th quarter valued at $54,000. Quarry LP increased its position in shares of GXO Logistics by 1,334.9% during the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $54,000 after buying an additional 1,148 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after buying an additional 290 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

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.