GXO Logistics (NYSE:GXO) Price Target Raised to $60.00

GXO Logistics (NYSE:GXO) had its price target hoisted by Susquehanna from $58.00 to $60.00 in a research report released on Thursday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other research firms also recently commented on GXO. Wells Fargo & Company raised their price objective on shares of GXO Logistics from $48.00 to $57.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Barclays lifted their price target on shares of GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Truist Financial raised shares of GXO Logistics from a “hold” rating to a “buy” rating and lifted their price target for the company from $48.00 to $62.00 in a report on Friday, July 11th. Stifel Nicolaus lifted 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of GXO Logistics from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

GXO Logistics Price Performance

NYSE:GXO opened at $50.35 on Thursday. The company has a 50-day moving average of $48.13 and a 200-day moving average of $42.34. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 95.00, a PEG ratio of 1.83 and a beta of 1.64. GXO Logistics has a 52 week low of $30.46 and a 52 week high of $63.33. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.78 and a current ratio of 0.76.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. As a group, equities research analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its stake in shares of GXO Logistics by 2,460.7% in the first quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock worth $28,000 after acquiring an additional 689 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after acquiring an additional 302 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of GXO Logistics in the first quarter worth about $34,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of GXO Logistics by 72.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $37,000 after acquiring an additional 396 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of GXO Logistics by 1,964.4% in the second quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after acquiring an additional 884 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

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.