GXO Logistics, Inc. (NYSE:GXO) Receives $54.57 Average PT from Analysts

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $54.57.

Several research firms have weighed in on GXO. Barclays dropped their target price on shares of GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a "hold" rating and a $45.00 price objective on the stock. Truist Financial reduced their target price 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. Wells Fargo & Company lowered their price target on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th.

GXO Logistics Trading Up 0.3%

GXO stock traded up $0.12 during trading on Thursday, hitting $43.76. The company had a trading volume of 1,089,820 shares, compared to its average volume of 1,282,741. 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 50 day simple moving average of $38.14 and a 200-day simple moving average of $41.91. The firm has a market capitalization of $5.01 billion, a P/E ratio of 39.07, a PEG ratio of 1.34 and a beta of 1.59. 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, research analysts forecast that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GXO. Advisors Capital Management LLC grew its stake in shares of GXO Logistics by 17.2% during the 1st quarter. Advisors Capital Management LLC now owns 130,248 shares of the company's stock worth $5,090,000 after purchasing an additional 19,157 shares during the period. Geneos Wealth Management Inc. boosted its holdings in GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company's stock worth $78,000 after buying an additional 1,958 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in GXO Logistics during the first quarter valued at $151,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 valued at $14,741,000 after buying an additional 8,670 shares during the period. Finally, United Services Automobile Association purchased a new position in GXO Logistics in the first quarter valued at $307,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

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.