GXO Logistics, Inc. (NYSE:GXO) Receives $66.33 Consensus Target Price from Brokerages

GXO Logistics, Inc. (NYSE:GXO) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $66.33.

A number of equities research analysts have commented on GXO shares. TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays reduced their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. UBS Group upped their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer raised their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Citigroup assumed coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp increased its position in shares of GXO Logistics by 1.9% during the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after purchasing an additional 66,232 shares during the last quarter. American Century Companies Inc. increased its holdings in GXO Logistics by 25.2% during the second quarter. American Century Companies Inc. now owns 3,221,818 shares of the company’s stock worth $162,702,000 after buying an additional 648,547 shares during the last quarter. Fort Pitt Capital Group LLC raised its position in GXO Logistics by 2.1% in the third quarter. Fort Pitt Capital Group LLC now owns 2,467,814 shares of the company’s stock worth $128,499,000 after acquiring an additional 51,208 shares during the period. Dimensional Fund Advisors LP raised its position in GXO Logistics by 11.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,398,933 shares of the company’s stock worth $121,140,000 after acquiring an additional 240,766 shares during the period. Finally, Geode Capital Management LLC boosted its stake in GXO Logistics by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock valued at $103,279,000 after acquiring an additional 29,992 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

NYSE:GXO opened at $42.26 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics has a twelve month low of $41.38 and a twelve month high of $63.33. The company has a fifty day moving average of $55.96 and a 200-day moving average of $52.66. The firm has a market capitalization of $5.05 billion, a P/E ratio of 46.96, a P/E/G ratio of 1.49 and a beta of 1.52.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, sell-side analysts anticipate that GXO Logistics will post 2.76 EPS for the current year.

About GXO Logistics

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.