GXO Logistics (NYSE:GXO) Given New $60.00 Price Target at Susquehanna

Key Points

• Susquehanna lowered its GXO Logistics price target from $62 to $60 while maintaining a “positive” rating, implying approximately 30.5% upside from the prior close.
• Analyst sentiment remains favorable: 12 analysts rate the stock a Buy and three rate it Hold, producing a consensus “Moderate Buy” rating and an average price target of $63.79.
• GXO reported quarterly EPS of $0.59, slightly above estimates, while revenue rose 4.3% year over year to $3.44 billion; institutional investors own 90.67% of the company.

GXO Logistics (NYSE:GXO - Get Free Report) had its target price decreased by equities researchers at Susquehanna from $62.00 to $60.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price target would suggest a potential upside of 30.54% from the company's previous close.

A number of other research firms have also recently issued reports on GXO. Wells Fargo & Company initiated coverage on shares of GXO Logistics in a report on Tuesday, July 28th. They issued an "overweight" rating and a $18.00 price target for the company. Stephens initiated coverage on GXO Logistics in a research report on Wednesday, July 8th. They issued an "overweight" rating and a $75.00 target price on the stock. Citizens Jmp began coverage on shares of GXO Logistics in a research note on Wednesday, July 15th. They set a "market perform" rating and a $80.00 price objective for the company. Morgan Stanley boosted their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Finally, UBS Group decreased their price target on GXO Logistics from $74.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.79.

GXO Logistics Trading Up 3.4%

Shares of GXO Logistics stock opened at $45.96 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. GXO Logistics has a twelve month low of $43.61 and a twelve month high of $66.85. The business has a 50-day moving average price of $47.43 and a 200-day moving average price of $50.21. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 1.38 and a beta of 1.57.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. Equities research analysts anticipate that GXO Logistics will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd lifted its holdings in GXO Logistics by 3.1% in the 2nd quarter. WINTON GROUP Ltd now owns 288,330 shares of the company's stock valued at $14,618,000 after purchasing an additional 8,721 shares in the last quarter. Engineers Gate Manager LP increased its stake in GXO Logistics by 50.1% during the 2nd quarter. Engineers Gate Manager LP now owns 644,807 shares of the company's stock worth $32,692,000 after buying an additional 215,269 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of GXO Logistics during the second quarter worth approximately $48,000. Nykredit A S bought a new position in GXO Logistics during the 2nd quarter worth approximately $73,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of GXO Logistics in the 2nd quarter valued at about $2,938,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Company Profile

GXO Logistics, Inc NYSE: GXO is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.

The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.

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