Stifel Nicolaus Reaffirms Buy Rating for GXO Logistics (NYSE:GXO)

Stifel Nicolaus reissued their buy rating on shares of GXO Logistics (NYSE:GXO - Free Report) in a research note released on Wednesday, Benzinga reports. The firm currently has a $74.00 price target on the stock.

GXO has been the subject of several other reports. BNP Paribas upgraded GXO Logistics from an underperform rating to a neutral rating and set a $50.00 price target for the company in a research report on Wednesday, March 27th. Susquehanna increased their price objective on GXO Logistics from $73.00 to $75.00 and gave the company a positive rating in a research note on Thursday, February 15th. Morgan Stanley reissued an overweight rating and set a $70.00 price objective on shares of GXO Logistics in a research report on Tuesday. Citigroup reduced their target price on shares of GXO Logistics from $66.00 to $64.00 and set a buy rating on the stock in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $69.38.

GXO Logistics Trading Up 0.2 %

Shares of NYSE GXO traded up $0.09 during midday trading on Wednesday, hitting $52.62. The company's stock had a trading volume of 791,343 shares, compared to its average volume of 863,471. The firm has a market cap of $6.28 billion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52. GXO Logistics has a 12-month low of $48.11 and a 12-month high of $67.57. The business's 50 day moving average is $50.76 and its two-hundred day moving average is $54.43.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, equities research analysts expect that GXO Logistics will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gena L. Ashe sold 4,737 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the sale, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GXO Logistics

A number of large investors have recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale acquired a new stake in GXO Logistics during the third quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new position in shares of GXO Logistics in the 4th quarter valued at $59,000. Motco boosted its position in shares of GXO Logistics by 2,836.4% during the 1st quarter. Motco now owns 1,292 shares of the company's stock valued at $69,000 after acquiring an additional 1,248 shares in the last quarter. Smithfield Trust Co raised its position in GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company's stock worth $73,000 after purchasing an additional 195 shares in the last quarter. Finally, LRI Investments LLC bought a new position in GXO Logistics during the first quarter worth about $80,000. Institutional investors 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.