GXO Logistics (NYSE:GXO) Price Target Increased to $80.00 by Analysts at TD Cowen

GXO Logistics (NYSE:GXO) had its price target boosted by research analysts at TD Cowen from $78.00 to $80.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 58.35% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Loop Capital reduced their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Susquehanna increased their price target on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a report on Thursday, February 15th. Stifel Nicolaus boosted their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. reduced their target price on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.69.

GXO Logistics Stock Down 0.0 %

GXO stock opened at $50.52 on Thursday. The business has a 50 day moving average of $50.97 and a 200 day moving average of $54.54. The firm has a market cap of $6.03 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.64. GXO Logistics has a twelve month low of $48.11 and a twelve month high of $67.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. On average, research analysts forecast that GXO Logistics will post 2.78 EPS for the current fiscal year.

Insider Activity

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the transaction, the director now owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Trading of GXO Logistics

Large investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC purchased a new position in shares of GXO Logistics during the 3rd quarter worth $332,000. Northcape Capital Pty Ltd lifted its position in GXO Logistics by 5.0% during the third quarter. Northcape Capital Pty Ltd now owns 38,119 shares of the company’s stock valued at $2,236,000 after purchasing an additional 1,801 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in GXO Logistics by 1.4% during the third quarter. Commonwealth Equity Services LLC now owns 14,856 shares of the company’s stock valued at $871,000 after purchasing an additional 212 shares in the last quarter. Silvant Capital Management LLC bought a new stake in GXO Logistics during the third quarter valued at about $2,131,000. Finally, Independent Advisor Alliance increased its position in GXO Logistics by 9.1% in the third quarter. Independent Advisor Alliance now owns 22,505 shares of the company’s stock worth $1,320,000 after buying an additional 1,880 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

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.