Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $54.79

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $55.43.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company boosted their target price on GXO Logistics from $48.00 to $57.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial raised their price target on GXO Logistics from $40.00 to $48.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Susquehanna reiterated a "positive" rating and issued a $58.00 price objective (up previously from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Finally, Citigroup lowered their target price on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th.

Hedge Funds Weigh In On GXO Logistics

Several large investors have recently bought and sold shares of GXO. Larson Financial Group LLC boosted its stake in GXO Logistics by 2,460.7% during the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company's stock valued at $28,000 after purchasing an additional 689 shares in the last quarter. GAMMA Investing LLC raised its position in GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock worth $33,000 after acquiring an additional 302 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in GXO Logistics in the 1st quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. lifted its holdings in GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company's stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Down 2.4%

NYSE GXO traded down $1.21 during trading hours on Monday, hitting $49.84. 1,065,677 shares of the company were exchanged, compared to its average volume of 1,533,685. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 80.39, a PEG ratio of 2.36 and a beta of 1.64. The company has a 50 day moving average of $42.51 and a two-hundred day moving average of $41.08. GXO Logistics has a 52-week low of $30.46 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The business had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the previous year, the company earned $0.45 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current year.

About GXO Logistics

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.