GXO Logistics (NYSE:GXO) Given New $67.00 Price Target at Stifel Nicolaus

GXO Logistics (NYSE:GXO - Get Free Report) had its price target hoisted by stock analysts at Stifel Nicolaus from $63.00 to $67.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 36.96% from the stock's current price.

GXO has been the subject of a number of other reports. Truist Financial lowered 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 raised their target price on shares of GXO Logistics from $44.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday. Citigroup decreased their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research note on Friday, March 7th. They set a "hold" rating and a $45.00 target price on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.93.

GXO Logistics Trading Up 2.0%

NYSE:GXO traded up $0.95 during trading hours on Monday, hitting $48.92. 1,268,427 shares of the stock were exchanged, compared to its average volume of 1,310,105. The company's 50 day moving average is $39.54 and its two-hundred day moving average is $40.98. The company has a market capitalization of $5.60 billion, a P/E ratio of 78.87, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. GXO Logistics has a twelve month low of $30.46 and a twelve month high of $63.33. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.88.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. GXO Logistics's revenue for the quarter was up 21.2% compared to the same quarter last year. On average, sell-side analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its stake in shares of GXO Logistics by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,957 shares of the company's stock worth $303,000 after buying an additional 2,482 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in GXO Logistics in the fourth quarter worth $1,255,000. Raymond James Financial Inc. bought a new position in GXO Logistics in the 4th quarter valued at $20,905,000. Quantinno Capital Management LP increased its position in shares of GXO Logistics by 32.8% during the 4th quarter. Quantinno Capital Management LP now owns 6,901 shares of the company's stock valued at $300,000 after purchasing an additional 1,704 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of GXO Logistics by 202.0% during the 4th quarter. Prudential Financial Inc. now owns 29,682 shares of the company's stock worth $1,291,000 after purchasing an additional 19,854 shares during the period. 90.67% of the stock is owned by institutional investors.

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.

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