GXO Logistics’ (GXO) “Buy” Rating Reiterated at Stifel Nicolaus

GXO Logistics (NYSE:GXO)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $66.00 price objective on the stock, down from their prior price objective of $74.00. Stifel Nicolaus’ price objective indicates a potential upside of 67.13% from the company’s previous close.

A number of other research analysts also recently weighed in on GXO. Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. TD Cowen upped their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays decreased their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Stock Up 8.8 %

Shares of NYSE:GXO opened at $39.49 on Friday. The business’s 50-day moving average is $44.40 and its 200-day moving average is $50.83. GXO Logistics has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Equities research analysts predict that GXO Logistics will post 2.73 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Several institutional investors have recently modified their holdings of GXO. CWM LLC grew its holdings in shares of GXO Logistics by 13.8% in the third quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after acquiring an additional 238 shares in the last quarter. Bleakley Financial Group LLC bought a new position in GXO Logistics during the third quarter valued at $201,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in GXO Logistics by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,276 shares of the company’s stock valued at $2,410,000 after purchasing an additional 504 shares during the period. Kirr Marbach & Co. LLC IN grew its holdings in GXO Logistics by 0.4% during the third quarter. Kirr Marbach & Co. LLC IN now owns 99,139 shares of the company’s stock valued at $5,162,000 after purchasing an additional 434 shares during the period. Finally, Raymond James & Associates grew its holdings in GXO Logistics by 16.3% during the third quarter. Raymond James & Associates now owns 466,749 shares of the company’s stock valued at $24,304,000 after purchasing an additional 65,534 shares during the period. 90.67% of the stock is owned by institutional investors.

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.