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

Key Points

• GXO Logistics has received a consensus recommendation of "Moderate Buy" from fourteen research firms, with a typical 1-year price target set at $59.50.
• Recent upgrades from analysts have increased the price targets for GXO Logistics, including JPMorgan raising it to $65.00 and Oppenheimer to $62.00.
• The company reported $3.30 billion in revenue for the latest quarter, exceeding expectations, and achieved an earnings per share of $0.57, topping estimates by $0.01.

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $59.50.

Several equities analysts have weighed in on the company. UBS Group raised their price target on GXO Logistics from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Stifel Nicolaus lifted their price objective on GXO Logistics from $63.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Oppenheimer boosted their price target on GXO Logistics from $55.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on GXO Logistics from $56.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Citigroup boosted their price objective on GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th.

GXO Logistics Price Performance

GXO stock traded down $0.42 during midday trading on Tuesday, hitting $52.51. 193,650 shares of the stock were exchanged, compared to its average volume of 1,417,019. The stock's 50-day moving average price is $51.00 and its 200-day moving average price is $43.13. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 99.06, a PEG ratio of 1.94 and a beta of 1.64. GXO Logistics has a fifty-two week low of $30.46 and a fifty-two week high of $63.33. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.GXO Logistics's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. Research analysts predict that GXO Logistics will post 2.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Orbis Allan Gray Ltd lifted its stake in shares of GXO Logistics by 6.5% in the first quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company's stock worth $526,532,000 after acquiring an additional 818,353 shares in the last quarter. Vanguard Group Inc. increased its holdings in GXO Logistics by 0.3% in the first quarter. Vanguard Group Inc. now owns 11,370,657 shares of the company's stock valued at $444,365,000 after buying an additional 37,852 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in GXO Logistics by 29.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company's stock valued at $141,021,000 after buying an additional 810,298 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in GXO Logistics by 27.0% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company's stock valued at $130,143,000 after buying an additional 708,661 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in GXO Logistics by 5.4% in the second quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company's stock valued at $147,492,000 after buying an additional 152,561 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

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.