GXO Logistics (NYSE:GXO) Now Covered by Analysts at Truist Financial

Truist Financial started coverage on shares of GXO Logistics (NYSE:GXO) in a report released on Thursday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $40.00 price objective on the stock.

GXO has been the topic of a number of other research reports. Morgan Stanley cut their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer lowered their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 target price on the stock. The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

GXO Logistics Stock Performance

Shares of GXO stock opened at $39.05 on Thursday. The company’s fifty day simple moving average is $42.15 and its 200-day simple moving average is $49.50. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm has a market cap of $4.67 billion, a PE ratio of 34.86, a P/E/G ratio of 1.34 and a beta of 1.62. GXO Logistics has a 12 month low of $34.51 and a 12 month high of $63.33.

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

Hedge Funds Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently modified their holdings of the stock. MQS Management LLC boosted its position in shares of GXO Logistics by 35.8% in the third quarter. MQS Management LLC now owns 8,102 shares of the company’s stock valued at $422,000 after acquiring an additional 2,138 shares during the period. Firetrail Investments PTY Ltd. boosted its position in shares of GXO Logistics by 0.7% in the third quarter. Firetrail Investments PTY Ltd. now owns 201,503 shares of the company’s stock valued at $10,482,000 after acquiring an additional 1,377 shares during the period. KBC Group NV boosted its position in shares of GXO Logistics by 18.6% in the third quarter. KBC Group NV now owns 3,665 shares of the company’s stock valued at $191,000 after acquiring an additional 576 shares during the period. Impax Asset Management Group plc boosted its position in shares of GXO Logistics by 34.9% in the third quarter. Impax Asset Management Group plc now owns 25,652 shares of the company’s stock valued at $1,336,000 after acquiring an additional 6,630 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of GXO Logistics by 15.0% in the third quarter. Natixis Advisors LLC now owns 17,591 shares of the company’s stock valued at $916,000 after acquiring an additional 2,288 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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.