Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $67.00

GXO Logistics, Inc. (NYSE:GXO) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $67.00.

Several research analysts recently commented on GXO shares. Barclays boosted 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. 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. Citigroup assumed coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. TD Cowen boosted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer raised their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday.

Institutional Trading of GXO Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in GXO. Eminence Capital LP purchased a new position in GXO Logistics during the 2nd quarter worth approximately $79,698,000. Swedbank AB purchased a new position in shares of GXO Logistics during the first quarter worth approximately $84,672,000. Spruce House Investment Management LLC increased its holdings in shares of GXO Logistics by 827.8% in the 2nd quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company’s stock valued at $45,450,000 after acquiring an additional 803,000 shares during the period. American Century Companies Inc. raised its position in GXO Logistics by 25.2% in the 2nd quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock valued at $162,702,000 after purchasing an additional 648,547 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. acquired a new stake in GXO Logistics during the 3rd quarter worth $32,434,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Down 0.2 %

Shares of NYSE:GXO opened at $60.35 on Friday. The firm’s 50-day moving average is $57.62 and its two-hundred day moving average is $52.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. GXO Logistics has a 1 year low of $46.07 and a 1 year high of $63.33. The firm has a market capitalization of $7.21 billion, a PE ratio of 67.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last released its earnings results 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. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Analysts predict that GXO Logistics will post 2.77 EPS 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.