GXO Logistics, Inc. (NYSE:GXO) Receives $59.50 Average Price Target from Brokerages

Key Points

• GXO Logistics has been rated as a "Moderate Buy" by analysts, with an average twelve-month price target of $59.50.
• Recent price upgrades from various firms include Wells Fargo increasing their target to $60.00 and JPMorgan Chase boosting it to $65.00.
• The company reported a 15.9% year-over-year revenue increase, with quarterly earnings outperforming expectations at $0.57 EPS.

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $59.50.

GXO has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of GXO Logistics from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Oppenheimer boosted their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Susquehanna boosted their price objective on shares of GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Stifel Nicolaus boosted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, UBS Group boosted their price target on shares of GXO Logistics from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th.

Institutional Investors Weigh In On GXO Logistics

A number of institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in shares of GXO Logistics by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 26,542 shares of the company's stock valued at $1,292,000 after purchasing an additional 9,217 shares in the last quarter. Resources Management Corp CT ADV raised its holdings in GXO Logistics by 1.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 26,849 shares of the company's stock valued at $1,308,000 after buying an additional 485 shares during the last quarter. Corient Private Wealth LLC bought a new stake in GXO Logistics during the 2nd quarter valued at $657,000. Chapman Financial Group LLC bought a new stake in GXO Logistics during the 2nd quarter valued at $34,000. Finally, Teza Capital Management LLC raised its holdings in GXO Logistics by 88.1% during the 2nd quarter. Teza Capital Management LLC now owns 9,952 shares of the company's stock valued at $485,000 after buying an additional 4,661 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company's stock.

GXO Logistics Trading Down 2.8%

Shares of GXO stock traded down $1.45 during trading hours on Friday, hitting $49.66. 1,802,678 shares of the company's stock traded hands, compared to its average volume of 842,247. The stock's 50 day simple moving average is $51.51 and its 200 day simple moving average is $44.43. The stock has a market cap of $5.68 billion, a PE ratio of 93.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.65. GXO Logistics has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The company had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. GXO Logistics's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that GXO Logistics will post 2.49 EPS for the current year.

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.