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

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $54.57.

GXO has been the subject of a number of research reports. Morgan Stanley decreased their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on GXO Logistics in a research note on Friday, March 7th. They issued a "hold" rating and a $45.00 price target for the company. Wells Fargo & Company decreased their price target on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, Truist Financial decreased their price target on GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, April 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings in GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company's stock valued at $78,000 after purchasing an additional 1,958 shares during the last quarter. Bayforest Capital Ltd bought a new position in GXO Logistics during the first quarter worth $151,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in GXO Logistics by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company's stock worth $14,741,000 after purchasing an additional 8,670 shares during the period. United Services Automobile Association bought a new position in GXO Logistics during the first quarter worth $307,000. Finally, Ashton Thomas Private Wealth LLC boosted its position in GXO Logistics by 4.3% during the first quarter. Ashton Thomas Private Wealth LLC now owns 11,131 shares of the company's stock worth $435,000 after purchasing an additional 464 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 2.0%

Shares of NYSE:GXO traded down $0.80 during mid-day trading on Friday, reaching $39.64. 580,789 shares of the stock were exchanged, compared to its average volume of 1,274,130. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.53 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.34 and a beta of 1.56. GXO Logistics has a one year low of $30.46 and a one year high of $63.33. The stock's 50 day simple moving average is $37.50 and its 200-day simple moving average is $43.52.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. GXO Logistics's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. As a group, equities research analysts predict 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.