GXO Logistics, Inc. (NYSE:GXO) Given Average Recommendation of “Moderate Buy” by Analysts

GXO Logistics, Inc. (NYSE:GXO) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $69.69.

Several research firms recently commented on GXO. JPMorgan Chase & Co. reduced their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Stifel Nicolaus raised their target price on shares of GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. TD Cowen raised their target price on shares of GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Citigroup cut their target price on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, Loop Capital cut their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th.

GXO Logistics Trading Down 0.5 %

Shares of GXO opened at $51.18 on Wednesday. GXO Logistics has a twelve month low of $48.11 and a twelve month high of $67.57. The company has a market cap of $6.11 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.11 and a beta of 1.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $50.58 and its 200-day simple moving average is $54.37.

GXO Logistics (NYSE:GXO) last announced its 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 for the quarter, compared to the consensus estimate of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. As a group, analysts expect that GXO Logistics will post 2.78 EPS for the current year.

Insider Buying and Selling at GXO Logistics

In related news, Director Gena L. Ashe sold 4,737 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On GXO Logistics

Large investors have recently made changes to their positions in the company. Payden & Rygel Investment Group acquired a new position in GXO Logistics during the third quarter worth $18,272,000. Federated Hermes Inc. raised its position in GXO Logistics by 3.0% during the fourth quarter. Federated Hermes Inc. now owns 1,126,959 shares of the company’s stock worth $68,925,000 after acquiring an additional 33,320 shares during the period. Amalgamated Bank raised its position in GXO Logistics by 13.9% during the third quarter. Amalgamated Bank now owns 87,426 shares of the company’s stock worth $5,128,000 after acquiring an additional 10,660 shares during the period. Retirement Planning Co of New England Inc. raised its position in shares of GXO Logistics by 79.0% in the third quarter. Retirement Planning Co of New England Inc. now owns 22,978 shares of the company’s stock valued at $1,348,000 after buying an additional 10,141 shares during the last quarter. Finally, Motley Fool Wealth Management LLC raised its position in shares of GXO Logistics by 59.8% in the fourth quarter. Motley Fool Wealth Management LLC now owns 184,398 shares of the company’s stock valued at $11,258,000 after buying an additional 68,989 shares during the last quarter. 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.