GXO Logistics (NYSE:GXO) Shares Gap Up to $49.77

GXO Logistics, Inc. (NYSE:GXOGet Rating) shares gapped up before the market opened on Wednesday . The stock had previously closed at $49.77, but opened at $52.50. GXO Logistics shares last traded at $52.24, with a volume of 6,729 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GXO shares. Oppenheimer reduced their target price on GXO Logistics from $108.00 to $91.00 in a report on Monday, May 9th. JPMorgan Chase & Co. reduced their target price on GXO Logistics from $83.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Barclays reduced their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 12th. Credit Suisse Group increased their target price on GXO Logistics from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Cowen upped their price objective on GXO Logistics from $64.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.12.

GXO Logistics Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $5.93 billion and a P/E ratio of 27.77. The stock has a 50-day moving average price of $46.66 and a 200-day moving average price of $62.32.

GXO Logistics (NYSE:GXOGet Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. GXO Logistics had a return on equity of 12.50% and a net margin of 2.55%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. On average, research analysts predict that GXO Logistics, Inc. will post 2.69 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds have recently added to or reduced their stakes in GXO. Allspring Global Investments Holdings LLC acquired a new stake in GXO Logistics in the fourth quarter valued at approximately $195,000. Commonwealth Equity Services LLC boosted its position in shares of GXO Logistics by 5.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 27,174 shares of the company’s stock valued at $2,468,000 after buying an additional 1,306 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of GXO Logistics by 22.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 63,872 shares of the company’s stock valued at $5,801,000 after buying an additional 11,520 shares during the last quarter. CWM LLC purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $115,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in GXO Logistics during the fourth quarter worth $2,580,000. Institutional investors and hedge funds own 91.32% of the company’s stock.

About GXO Logistics

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GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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