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

GXO Logistics, Inc. (NYSE:GXO) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $56.00.

A number of research analysts have recently weighed in on GXO shares. Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer cut their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Barclays decreased their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group lowered their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 14th.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $40.12 on Friday. GXO Logistics has a twelve month low of $34.51 and a twelve month high of $63.33. The stock’s 50 day moving average is $41.00 and its 200-day moving average is $48.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Sell-side analysts forecast that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of GXO. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics during the 4th quarter valued at $41,000. Summit Securities Group LLC boosted its stake in GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after buying an additional 897 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after acquiring an additional 290 shares during the last quarter. Quarry LP raised its holdings in shares of GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after acquiring an additional 1,148 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of GXO Logistics in the 4th quarter valued at about $54,000. Institutional investors own 90.67% of the company’s stock.

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.