Stifel Nicolaus Cuts GXO Logistics (NYSE:GXO) Price Target to $70.00

GXO Logistics (NYSE:GXO) had its target price trimmed by Stifel Nicolaus from $71.00 to $70.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

GXO has been the subject of a number of other reports. Morgan Stanley boosted their price objective on shares of GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $65.00 in a research report on Wednesday, May 27th. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday. They issued a “market outperform” rating for the company. Weiss Ratings lowered shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Finally, Stephens assumed coverage on shares of GXO Logistics in a research report on Wednesday, July 8th. They set an “overweight” rating and a $75.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.07.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $54.06 on Wednesday. The firm has a market capitalization of $6.22 billion, a PE ratio of 47.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.55. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics has a 12 month low of $45.40 and a 12 month high of $66.85. The business’s 50-day moving average price is $49.80 and its 200-day moving average price is $54.23.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the previous year, the company posted $0.29 EPS. GXO Logistics’s quarterly revenue was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Sell-side analysts forecast that GXO Logistics will post 3.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in GXO Logistics by 3,222,426.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock valued at $593,791,000 after purchasing an additional 11,697,409 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of GXO Logistics in the 4th quarter worth approximately $181,648,000. Victory Capital Management Inc. grew its position in shares of GXO Logistics by 1,168.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock worth $62,706,000 after buying an additional 1,097,298 shares during the last quarter. Norges Bank purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $57,598,000. Finally, Milford Funds Ltd. purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $43,250,000. Institutional investors own 90.67% of the company’s stock.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.