Truist Financial Cuts GXO Logistics (NYSE:GXO) Price Target to $55.00

GXO Logistics (NYSE:GXO) had its price objective decreased by Truist Financial from $70.00 to $55.00 in a report issued on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other analysts also recently weighed in on GXO. Stephens initiated coverage on GXO Logistics in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 target price for the company. Morgan Stanley increased their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Wells Fargo & Company decreased their price target on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $58.00 to $65.00 in a report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.07.

GXO Logistics Trading Down 0.9%

Shares of GXO stock opened at $54.06 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $49.80 and a two-hundred day moving average price of $54.23. GXO Logistics has a 12-month low of $45.40 and a 12-month high of $66.85. The firm has a market cap of $6.22 billion, a P/E ratio of 47.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.55.

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

Institutional Investors Weigh In On GXO Logistics

Several institutional investors have recently bought and sold shares of GXO. GAMMA Investing LLC raised its position in shares of GXO Logistics by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 1,634 shares of the company’s stock worth $86,000 after acquiring an additional 205 shares in the last quarter. First Bank & Trust boosted its position in GXO Logistics by 4.0% during the fourth quarter. First Bank & Trust now owns 5,696 shares of the company’s stock valued at $300,000 after purchasing an additional 219 shares in the last quarter. UMB Bank n.a. boosted its position in GXO Logistics by 15.2% during the fourth quarter. UMB Bank n.a. now owns 1,674 shares of the company’s stock valued at $88,000 after purchasing an additional 221 shares in the last quarter. Guggenheim Capital LLC grew its stake in GXO Logistics by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 4,445 shares of the company’s stock valued at $234,000 after purchasing an additional 225 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in GXO Logistics by 9.4% in the first quarter. Parallel Advisors LLC now owns 2,723 shares of the company’s stock valued at $141,000 after purchasing an additional 233 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Company Profile

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.