GXO Logistics (NYSE:GXO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

GXO Logistics (NYSE:GXO - Free Report) had its price target increased by Stifel Nicolaus from $63.00 to $67.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on GXO. Citigroup decreased their target price on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Truist Financial decreased their price objective on GXO Logistics from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company lifted their target price on GXO Logistics from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft began 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. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.86.

GXO Logistics Stock Performance

Shares of NYSE GXO traded up $0.44 during mid-day trading on Monday, hitting $48.29. The company had a trading volume of 1,444,383 shares, compared to its average volume of 1,330,103. GXO Logistics has a 12 month low of $30.46 and a 12 month high of $63.33. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 77.88, a PEG ratio of 2.22 and a beta of 1.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.78. The firm's 50 day simple moving average is $40.69 and its two-hundred day simple moving average is $41.06.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The company had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. As a group, equities research analysts forecast that GXO Logistics will post 2.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Truist Financial Corp grew its stake in shares of GXO Logistics by 4.0% in the 4th quarter. Truist Financial Corp now owns 17,581 shares of the company's stock worth $765,000 after purchasing an additional 675 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in GXO Logistics by 152.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 53,648 shares of the company's stock worth $2,334,000 after buying an additional 32,433 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in GXO Logistics by 11.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 78,922 shares of the company's stock worth $3,433,000 after buying an additional 7,889 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of GXO Logistics in the fourth quarter valued at $1,255,000. Finally, Versor Investments LP bought a new position in shares of GXO Logistics in the fourth quarter valued at $692,000. 90.67% of the stock is owned by institutional investors and hedge funds.

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.