GXO Logistics, Inc. (NYSE:GXO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Brokerages give GXO an average recommendation of Moderate Buy (10 buys, 2 holds, 1 sell) with a 12‑month average target of $69.17, though some firms have recently downgraded the stock (Weiss to sell; Goldman Sachs to neutral).
• Institutional ownership is very high at 90.67%, with sizeable recent inflows—Northwestern Mutual now holds about 11.7M shares ($593.8M) and several funds added new positions.
• GXO beat Q4 estimates with EPS of $0.87 vs. $0.83 and revenue of $3.51B (up 7.9% YoY); the stock trades near $56.18 with a market cap of $6.46B and a high P/E (~187).

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $69.1667.

Several brokerages have recently weighed in on GXO. Weiss Ratings downgraded GXO Logistics from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Oppenheimer reiterated an "outperform" rating and issued a $70.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. Susquehanna reiterated a "positive" rating and issued a $82.00 price target on shares of GXO Logistics in a research note on Thursday, February 12th. The Goldman Sachs Group cut GXO Logistics from a "buy" rating to a "neutral" rating and set a $68.00 price target on the stock. in a research note on Wednesday, March 4th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $75.00 price target on shares of GXO Logistics in a research note on Tuesday, February 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GXO. Northwestern Mutual Wealth Management Co. lifted its stake in shares of GXO Logistics by 3,222,426.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company's stock worth $593,791,000 after acquiring an additional 11,697,409 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of GXO Logistics in the fourth quarter worth about $181,648,000. Victory Capital Management Inc. lifted its stake in shares of GXO Logistics by 1,168.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company's stock worth $62,706,000 after acquiring an additional 1,097,298 shares in the last quarter. Norges Bank acquired a new position in shares of GXO Logistics in the fourth quarter worth about $57,598,000. Finally, Milford Funds Ltd. acquired a new position in shares of GXO Logistics in the fourth quarter worth about $43,250,000. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $56.18 on Friday. GXO Logistics has a 1-year low of $36.75 and a 1-year high of $66.85. The business has a 50-day moving average of $56.05 and a 200-day moving average of $55.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 187.26, a PEG ratio of 1.90 and a beta of 1.62.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that GXO Logistics will post 3 EPS for the current fiscal year.

GXO Logistics Company Profile

GXO Logistics NYSE: GXO is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.

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.