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

GXO Logistics, Inc. (NYSE:GXO) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $57.43.

GXO has been the subject of several analyst reports. Truist Financial upgraded GXO Logistics from a “hold” rating to a “buy” rating and increased their target price for the company from $48.00 to $62.00 in a report on Friday, July 11th. Susquehanna reiterated a “positive” rating and issued a $58.00 price objective (up previously from $57.00) on shares of GXO Logistics in a research report on Tuesday, June 24th. Wells Fargo & Company increased their price objective on GXO Logistics from $48.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Barclays lifted their target price on shares of GXO Logistics from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company a “buy” rating in a report on Monday, June 23rd.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC boosted its position in shares of GXO Logistics by 28,112.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after purchasing an additional 2,612,223 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of GXO Logistics by 1,521.9% during the 1st quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company’s stock valued at $98,141,000 after buying an additional 2,356,452 shares in the last quarter. Norges Bank bought a new stake in shares of GXO Logistics during the 4th quarter valued at $55,266,000. Spruce House Investment Management LLC grew its position in shares of GXO Logistics by 133.3% in the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock worth $91,350,000 after buying an additional 1,200,000 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in shares of GXO Logistics in the 4th quarter worth about $46,523,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $49.74 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78. GXO Logistics has a 52-week low of $30.46 and a 52-week high of $63.33. The company has a fifty day moving average of $47.08 and a 200-day moving average of $42.14. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 80.22, a price-to-earnings-growth ratio of 1.82 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts expect that GXO Logistics will post 2.49 EPS for the current year.

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.