GXO Logistics, Inc. (NYSE:GXO) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• GXO Logistics, Inc. has received a consensus rating of "Moderate Buy" from fifteen research firms, with eleven ratings to buy, three to hold, and one to sell.
• The average 12-month price target set by analysts for GXO Logistics is $61.57, with UBS Group recently raising their target from $58.00 to $63.00.
• In the most recent earnings report, GXO Logistics posted an earnings per share (EPS) of $0.57, exceeding the consensus estimate of $0.56, along with a revenue of $3.30 billion for the quarter.

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.5714.

Several equities research analysts have issued reports on GXO shares. Weiss Ratings reissued a "sell (d+)" rating on shares of GXO Logistics in a report on Wednesday, October 8th. UBS Group boosted their price target on shares of GXO Logistics from $58.00 to $63.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Truist Financial set a $65.00 price target on shares of GXO Logistics in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of GXO Logistics from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Finally, Morgan Stanley reduced their target price on shares of GXO Logistics from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th.

GXO Logistics Trading Up 2.9%

Shares of GXO Logistics stock opened at $54.03 on Wednesday. The firm has a market capitalization of $6.19 billion, a PE ratio of 101.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.76 and a quick ratio of 0.76. The company's fifty day moving average price is $52.24 and its two-hundred day moving average price is $46.01. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. On average, analysts expect that GXO Logistics will post 2.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GXO. Alliancebernstein L.P. lifted its position in GXO Logistics by 1,521.9% during the 1st quarter. Alliancebernstein L.P. now owns 2,511,289 shares of the company's stock worth $98,141,000 after buying an additional 2,356,452 shares in the last quarter. Engaged Capital LLC acquired a new position in GXO Logistics during the 1st quarter worth about $35,641,000. Orbis Allan Gray Ltd lifted its position in GXO Logistics by 6.5% during the 1st quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company's stock worth $526,532,000 after buying an additional 818,353 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in GXO Logistics by 29.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company's stock worth $141,021,000 after buying an additional 810,298 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in GXO Logistics by 27.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company's stock worth $130,143,000 after buying an additional 708,661 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

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.

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