GXO Logistics (NYSE:GXO) Given New $80.00 Price Target at TD Cowen

GXO Logistics (NYSE:GXO - Get Free Report) had its target price boosted by research analysts at TD Cowen from $78.00 to $80.00 in a report issued on Thursday, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's target price suggests a potential upside of 58.35% from the stock's previous close.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of GXO Logistics from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 9th. Loop Capital dropped their price objective on GXO Logistics from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th. BNP Paribas upgraded GXO Logistics from an "underperform" rating to a "neutral" rating and set a $50.00 target price on the stock in a report on Wednesday, March 27th. Susquehanna increased their price target on GXO Logistics from $73.00 to $75.00 and gave the stock a "positive" rating in a report on Thursday, February 15th. Finally, Stifel Nicolaus boosted their price objective on GXO Logistics from $69.00 to $75.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, GXO Logistics currently has a consensus rating of "Moderate Buy" and an average price target of $69.69.

GXO Logistics Trading Up 2.9 %

Shares of GXO stock traded up $1.42 on Thursday, reaching $50.52. 912,070 shares of the stock were exchanged, compared to its average volume of 877,256. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. GXO Logistics has a one year low of $48.11 and a one year high of $67.57. The stock has a market cap of $6.03 billion, a PE ratio of 26.45, a P/E/G ratio of 2.11 and a beta of 1.64. The stock has a 50 day moving average price of $51.07 and a 200 day moving average price of $54.57.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. Equities research analysts forecast that GXO Logistics will post 2.78 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GXO. Vanguard Group Inc. lifted its stake in GXO Logistics by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,145,865 shares of the company's stock valued at $681,681,000 after purchasing an additional 72,764 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in GXO Logistics by 2.6% during the 4th quarter. Clearbridge Investments LLC now owns 2,941,518 shares of the company's stock worth $179,903,000 after purchasing an additional 75,712 shares during the last quarter. FMR LLC boosted its stake in GXO Logistics by 0.4% in the 3rd quarter. FMR LLC now owns 2,173,881 shares of the company's stock valued at $127,498,000 after purchasing an additional 8,668 shares during the period. Fort Pitt Capital Group LLC increased its position in GXO Logistics by 60.4% during the 1st quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company's stock worth $99,647,000 after buying an additional 698,180 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of GXO Logistics by 22.6% during the third quarter. Invesco Ltd. now owns 1,466,267 shares of the company's stock worth $85,997,000 after buying an additional 270,524 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

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.