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GXO Logistics (NYSE:GXO) Stock Price Target Raised at Susquehanna

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Key Points

  • Susquehanna raised its GXO Logistics price target to $66 from $60 and maintained a positive rating, implying 19.36% upside from the prior close.
  • Analyst sentiment is broadly positive: 13 analysts rate GXO a Buy and two a Hold, with a consensus price target of $65.57.
  • GXO beat quarterly expectations, reporting EPS of $0.89 versus $0.86 expected and revenue of $3.59 billion versus $3.54 billion; revenue grew 5.7% year over year.
  • MarketBeat previews the top five stocks to own by December 1st.

GXO Logistics (NYSE:GXO - Get Free Report) had its price target hoisted by equities researchers at Susquehanna from $60.00 to $66.00 in a report released on Friday, Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price objective suggests a potential upside of 19.36% from the stock's previous close.

GXO has been the subject of a number of other reports. Citigroup upped their price target on shares of GXO Logistics from $65.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday. Oppenheimer raised their price objective on shares of GXO Logistics from $61.00 to $65.00 and gave the company an "outperform" rating in a research note on Thursday. Truist Financial dropped their target price on GXO Logistics from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. UBS Group upped their target price on GXO Logistics from $64.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Wells Fargo & Company started coverage on GXO Logistics in a research report on Tuesday, July 28th. They issued an "overweight" rating and a $18.00 target price for the company. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, GXO Logistics presently has an average rating of "Moderate Buy" and a consensus target price of $65.57.

Check Out Our Latest Stock Analysis on GXO

GXO Logistics Price Performance

Shares of GXO opened at $55.30 on Friday. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 1.78 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 0.76. GXO Logistics has a one year low of $43.61 and a one year high of $66.85. The stock's fifty day moving average is $47.42 and its 200-day moving average is $51.77.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.54 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.91%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities analysts anticipate that GXO Logistics will post 3.05 EPS for the current year.

Institutional Trading of GXO Logistics

Several institutional investors and hedge funds have recently added to or reduced their stakes in GXO. Trust Co. of Vermont acquired a new position in shares of GXO Logistics in the second quarter worth about $37,000. Integrated Wealth Concepts LLC purchased a new position in shares of GXO Logistics in the second quarter worth approximately $48,000. Nykredit A S purchased a new position in shares of GXO Logistics in the second quarter worth approximately $73,000. Covestor Ltd raised its holdings in shares of GXO Logistics by 230.6% during the third quarter. Covestor Ltd now owns 1,792 shares of the company's stock valued at $80,000 after acquiring an additional 1,250 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of GXO Logistics by 14.3% during the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company's stock valued at $82,000 after acquiring an additional 231 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics News Roundup

Here are the key news stories impacting GXO Logistics this week:

GXO Logistics Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for GXO Logistics (NYSE:GXO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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