GXO Logistics (NYSE:GXO) Now Covered by Susquehanna Bancshares

Investment analysts at Susquehanna Bancshares initiated coverage on shares of GXO Logistics (NYSE:GXO) in a report issued on Thursday, Stock Target Advisor reports. The firm set a “positive” rating and a $95.00 price target on the stock. Susquehanna Bancshares’ price target indicates a potential upside of 18.68% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Loop Capital assumed coverage on GXO Logistics in a research note on Wednesday, August 18th. They set a “buy” rating and a $90.00 target price for the company. Wells Fargo & Company increased their target price on GXO Logistics from $78.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist assumed coverage on GXO Logistics in a research note on Tuesday, August 3rd. They set a “buy” rating and a $100.00 target price for the company. Citigroup assumed coverage on GXO Logistics in a research note on Monday, August 23rd. They set a “buy” rating and a $95.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on GXO Logistics from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 29th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $89.08.

Shares of GXO stock traded up $0.84 on Thursday, reaching $80.05. The company had a trading volume of 6,564 shares, compared to its average volume of 748,123. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50-day simple moving average is $79.12. GXO Logistics has a 12 month low of $48.38 and a 12 month high of $89.30.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, August 9th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.39). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.89 billion. As a group, research analysts anticipate that GXO Logistics will post 2.12 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $199,000. FDx Advisors Inc. acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $324,000. Deltec Asset Management LLC acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $326,000. Harbour Capital Advisors LLC acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $402,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $1,186,000.

GXO Logistics Company Profile

GXO Logistics Inc is a pure-play contract logistics provider. GXO Logistics Inc is headquartered in Conn., USA.

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Analyst Recommendations for GXO Logistics (NYSE:GXO)

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