GXO Logistics (NYSE:GXO) Given New $65.00 Price Target at Oppenheimer

Key Points

• Oppenheimer raised its GXO Logistics price target from $61 to $65 and maintained an “outperform” rating, implying 18.25% upside from the prior close.
• Analyst sentiment is broadly positive: 14 analysts rate the stock Buy and two Hold, with a consensus “Moderate Buy” rating and an average target of $64.43.
• GXO beat quarterly estimates, reporting EPS of $0.89 versus $0.86 expected and revenue of $3.59 billion, up 5.7% year over year; shares nevertheless fell 3.5% on Thursday.

GXO Logistics (NYSE:GXO - Get Free Report) had its target price increased by investment analysts at Oppenheimer from $61.00 to $65.00 in a report released on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's target price points to a potential upside of 18.25% from the stock's previous close.

A number of other analysts have also recently weighed in on the stock. Citizens Jmp assumed coverage on shares of GXO Logistics in a report on Wednesday, July 15th. They set a "market perform" rating and a $80.00 price objective on the stock. Weiss Ratings upgraded shares of GXO Logistics from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 16th. The Goldman Sachs Group raised shares of GXO Logistics from a "neutral" rating to a "buy" rating and set a $61.00 target price on the stock in a research report on Wednesday, October 14th. Wells Fargo & Company began coverage on shares of GXO Logistics in a research report on Tuesday, July 28th. They issued an "overweight" rating and a $18.00 target price on the stock. Finally, Truist Financial cut their price target on shares of GXO Logistics from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $64.43.

GXO Logistics Stock Down 3.5%

Shares of NYSE:GXO traded down $1.99 on Thursday, hitting $54.97. 746,654 shares of the company's stock were exchanged, compared to its average volume of 1,352,711. GXO Logistics has a 1-year low of $43.61 and a 1-year high of $66.85. The company has a market capitalization of $6.30 billion, a PE ratio of 46.49, a P/E/G ratio of 1.63 and a beta of 1.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The firm's 50-day moving average is $47.28 and its 200 day moving average is $51.78.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.54 billion. GXO Logistics had a return on equity of 10.92% and a net margin of 0.98%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. Sell-side analysts predict that GXO Logistics will post 3.05 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in GXO Logistics by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company's stock worth $252,318,000 after buying an additional 371,391 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of GXO Logistics by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 713,775 shares of the company's stock worth $37,009,000 after acquiring an additional 2,441 shares during the period. Engineers Gate Manager LP lifted its stake in shares of GXO Logistics by 50.1% in the 2nd quarter. Engineers Gate Manager LP now owns 644,807 shares of the company's stock worth $32,692,000 after acquiring an additional 215,269 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of GXO Logistics by 4.2% in the first quarter. Principal Financial Group Inc. now owns 441,282 shares of the company's stock valued at $22,880,000 after acquiring an additional 17,884 shares in the last quarter. Finally, Rokos Capital Management LLP purchased a new stake in shares of GXO Logistics in the first quarter valued at about $21,315,000. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Company Profile

GXO Logistics, Inc NYSE: GXO is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO's logistics segment and began operating as an independent public company in 2021.

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