GXO Logistics (NYSE:GXO) PT Raised to $66.00

GXO Logistics (NYSE:GXOGet Rating) had its price target upped by investment analysts at Morgan Stanley from $60.00 to $66.00 in a research note issued on Friday, The Fly reports. Morgan Stanley’s target price would indicate a potential upside of 23.92% from the company’s previous close.

Several other research firms also recently commented on GXO. Susquehanna Bancshares dropped their price objective on shares of GXO Logistics from $55.00 to $54.00 in a report on Thursday, November 10th. Cowen dropped their price objective on shares of GXO Logistics from $67.00 to $62.00 and set an “outperform” rating for the company in a report on Tuesday, September 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of GXO Logistics from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday. Cowen dropped their price objective on shares of GXO Logistics from $67.00 to $62.00 and set an “outperform” rating for the company in a report on Tuesday, September 27th. Finally, Barclays increased their price target on shares of GXO Logistics from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.50.

GXO Logistics Trading Up 2.7 %

NYSE:GXO opened at $53.26 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 1.79 and a beta of 1.55. GXO Logistics has a one year low of $32.10 and a one year high of $91.89. The business has a fifty day moving average price of $43.87 and a 200-day moving average price of $42.57.

GXO Logistics (NYSE:GXOGet Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. GXO Logistics had a return on equity of 12.90% and a net margin of 2.36%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. Sell-side analysts forecast that GXO Logistics will post 2.75 EPS for the current year.

Insider Activity at GXO Logistics

In other GXO Logistics news, CEO Malcolm Wilson acquired 4,174 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were bought at an average cost of $43.97 per share, with a total value of $183,530.78. Following the completion of the acquisition, the chief executive officer now directly owns 45,509 shares in the company, valued at approximately $2,001,030.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors have recently bought and sold shares of GXO. Ellevest Inc. lifted its stake in shares of GXO Logistics by 337.7% during the second quarter. Ellevest Inc. now owns 696 shares of the company’s stock worth $30,000 after buying an additional 537 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in shares of GXO Logistics during the third quarter worth $30,000. HBK Sorce Advisory LLC acquired a new stake in shares of GXO Logistics during the third quarter worth $31,000. Fifth Third Bancorp lifted its stake in shares of GXO Logistics by 93.6% during the third quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock worth $32,000 after buying an additional 437 shares during the period. Finally, CWM LLC lifted its stake in shares of GXO Logistics by 88.7% during the third quarter. CWM LLC now owns 955 shares of the company’s stock worth $33,000 after buying an additional 449 shares during the period. 99.47% of the stock is currently owned by institutional investors and hedge funds.

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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