Analysts Set GXO Logistics, Inc. (NYSE:GXO) PT at $69.17

Shares of GXO Logistics, Inc. (NYSE:GXO) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $69.54.

Several brokerages have weighed in on GXO. Citigroup dropped their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Loop Capital dropped their price target on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday. Susquehanna raised their target price on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. dropped their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Finally, TD Cowen raised their target price on shares of GXO Logistics from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th.

Insider Activity at GXO Logistics

In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of GXO Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in GXO Logistics by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,145,865 shares of the company’s stock valued at $681,681,000 after purchasing an additional 72,764 shares in the last quarter. State Street Corp increased its stake in GXO Logistics by 0.6% during the 2nd quarter. State Street Corp now owns 3,342,442 shares of the company’s stock valued at $209,972,000 after purchasing an additional 18,838 shares in the last quarter. Clearbridge Investments LLC increased its stake in GXO Logistics by 2.6% during the 4th quarter. Clearbridge Investments LLC now owns 2,941,518 shares of the company’s stock valued at $179,903,000 after purchasing an additional 75,712 shares in the last quarter. Morgan Stanley increased its stake in GXO Logistics by 58.9% during the 4th quarter. Morgan Stanley now owns 2,746,808 shares of the company’s stock valued at $117,261,000 after purchasing an additional 1,017,980 shares in the last quarter. Finally, FMR LLC grew its stake in shares of GXO Logistics by 0.4% in the third quarter. FMR LLC now owns 2,173,881 shares of the company’s stock worth $127,498,000 after acquiring an additional 8,668 shares during the period. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Trading Up 3.2 %

Shares of GXO opened at $49.71 on Friday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 26.03, a PEG ratio of 2.06 and a beta of 1.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $51.53 and a two-hundred day simple moving average of $54.72. GXO Logistics has a twelve month low of $48.11 and a twelve month high of $67.57.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. On average, research analysts anticipate that GXO Logistics will post 2.77 EPS for the current 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.