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

GXO Logistics, Inc. (NYSE:GXO) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.57.

A number of research firms recently commented on GXO. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a research report on Friday, March 7th. They issued a “hold” rating and a $45.00 target price for the company. Citigroup reduced their price target on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. UBS Group decreased their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th.

Institutional Investors Weigh In On GXO Logistics

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after purchasing an additional 14,020 shares during the period. Kirr Marbach & Co. LLC IN raised its position in GXO Logistics by 57.1% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 155,720 shares of the company’s stock worth $6,774,000 after purchasing an additional 56,581 shares during the last quarter. Sterling Capital Management LLC raised its position in GXO Logistics by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,957 shares of the company’s stock worth $303,000 after purchasing an additional 2,482 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in GXO Logistics during the 4th quarter worth about $1,255,000. Finally, Raymond James Financial Inc. bought a new stake in shares of GXO Logistics in the 4th quarter valued at about $20,905,000. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Up 2.3%

Shares of GXO opened at $42.27 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics has a 12 month low of $30.46 and a 12 month high of $63.33. The firm’s 50 day moving average is $37.44 and its 200-day moving average is $44.05. The stock has a market capitalization of $4.84 billion, a PE ratio of 37.74, a P/E/G ratio of 1.34 and a beta of 1.56.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Equities research analysts forecast that GXO Logistics will post 2.49 EPS for the current year.

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.