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

Shares of GXO Logistics, Inc. (NYSE:GXO) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $69.17.

A number of equities research analysts recently weighed in on GXO shares. JPMorgan Chase & Co. cut their price objective on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday. Susquehanna boosted their price target on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research report on Thursday, February 15th. Citigroup reduced their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. TD Cowen raised their price objective on shares of GXO Logistics from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Wednesday, March 27th.

GXO Logistics Stock Performance

GXO opened at $50.85 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $52.15 and its 200-day moving average is $55.02. The stock has a market cap of $6.06 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.11 and a beta of 1.64. GXO Logistics has a twelve month low of $48.12 and a twelve month high of $67.57.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that GXO Logistics will post 2.79 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the sale, the director now owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GXO Logistics

A number of institutional investors have recently bought and sold shares of GXO. Citigroup Inc. boosted its holdings in shares of GXO Logistics by 25.6% in the first quarter. Citigroup Inc. now owns 16,948 shares of the company’s stock worth $1,208,000 after buying an additional 3,457 shares during the period. Bank of Montreal Can boosted its stake in GXO Logistics by 175.7% in the 1st quarter. Bank of Montreal Can now owns 24,502 shares of the company’s stock worth $1,843,000 after purchasing an additional 15,615 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in GXO Logistics by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,133 shares of the company’s stock worth $2,578,000 after purchasing an additional 3,445 shares during the period. Raymond James Trust N.A. grew its position in GXO Logistics by 44.8% during the 1st quarter. Raymond James Trust N.A. now owns 5,979 shares of the company’s stock worth $427,000 after purchasing an additional 1,849 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in GXO Logistics by 2.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 169,181 shares of the company’s stock valued at $12,069,000 after purchasing an additional 4,084 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

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.