GXO Logistics, Inc. (NYSE:GXO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of GXO Logistics, Inc. (NYSE:GXO) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $68.75.

GXO has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Thursday, November 6th. Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of GXO Logistics in a report on Thursday. Citigroup lifted their price target on shares of GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Morgan Stanley increased their price objective on shares of GXO Logistics from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th.

GXO Logistics Stock Up 1.8%

GXO opened at $65.42 on Tuesday. The firm’s 50 day simple moving average is $56.20 and its two-hundred day simple moving average is $53.47. The company has a market capitalization of $7.49 billion, a PE ratio of 218.08, a PEG ratio of 2.24 and a beta of 1.65. GXO Logistics has a 1-year low of $30.46 and a 1-year high of $66.85. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business posted $1.00 EPS. GXO Logistics’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts forecast that GXO Logistics will post 2.49 EPS for the current year.

Insider Activity at GXO Logistics

In other GXO Logistics news, Director Todd C. Cooper acquired 6,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was purchased at an average price of $50.59 per share, with a total value of $303,540.00. Following the completion of the purchase, the director directly owned 10,040 shares in the company, valued at approximately $507,923.60. The trade was a 148.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in GXO Logistics by 175.0% during the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after buying an additional 329 shares in the last quarter. Accredited Wealth Management LLC grew its stake in GXO Logistics by 1,100.0% during the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock valued at $32,000 after acquiring an additional 550 shares in the last quarter. Chapman Financial Group LLC bought a new stake in GXO Logistics in the 2nd quarter valued at $34,000. Farther Finance Advisors LLC lifted its stake in GXO Logistics by 177.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after purchasing an additional 491 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in GXO Logistics by 1,964.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock worth $45,000 after purchasing an additional 884 shares in the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

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.