UBS Group Issues Positive Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its price objective lifted by research analysts at UBS Group from $66.00 to $72.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 18.05% from the company’s previous close.

GXO has been the topic of a number of other research reports. Susquehanna dropped their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. Citigroup began coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Finally, TD Cowen increased their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.55.

GXO Logistics Stock Performance

NYSE:GXO traded up $3.29 during trading on Wednesday, reaching $60.99. The company’s stock had a trading volume of 796,759 shares, compared to its average volume of 927,528. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 52.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50 day moving average of $54.28 and a 200-day moving average of $51.85. GXO Logistics has a 12 month low of $46.07 and a 12 month high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. Research analysts expect that GXO Logistics will post 2.78 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Several institutional investors have recently modified their holdings of the company. Mathes Company Inc. increased its position in shares of GXO Logistics by 0.7% during the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after purchasing an additional 175 shares during the last quarter. Smithfield Trust Co increased its position in shares of GXO Logistics by 16.5% during the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after purchasing an additional 195 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of GXO Logistics by 7.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after purchasing an additional 220 shares during the last quarter. CWM LLC increased its position in shares of GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock valued at $102,000 after purchasing an additional 238 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

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.