GXO Logistics (NYSE:GXO - Get Free Report)'s stock had its "positive" rating reiterated by investment analysts at Susquehanna in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $58.00 price target on the stock, up from their previous price target of $57.00. Susquehanna's price objective would suggest a potential upside of 18.35% from the stock's previous close.
Several other research analysts have also weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday. 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 objective on the stock. Truist Financial decreased their target price on GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Citigroup dropped their price target on GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price target on GXO Logistics from $44.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, June 20th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.86.
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GXO Logistics Stock Up 1.9%
GXO traded up $0.92 on Tuesday, hitting $49.01. 1,412,663 shares of the company were exchanged, compared to its average volume of 1,333,972. The stock's fifty day moving average is $40.69 and its 200-day moving average is $41.06. GXO Logistics has a 12 month low of $30.46 and a 12 month high of $63.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $5.61 billion, a PE ratio of 79.05, a PEG ratio of 2.22 and a beta of 1.59.
GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The company had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The business's revenue was up 21.2% compared to the same quarter last year. Equities research analysts predict that GXO Logistics will post 2.49 EPS for the current fiscal year.
Institutional Investors Weigh In On GXO Logistics
Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC increased its stake in GXO Logistics by 2,460.7% during the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company's stock worth $28,000 after acquiring an additional 689 shares during the period. GAMMA Investing LLC grew its holdings in shares of GXO Logistics by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company's stock worth $33,000 after purchasing an additional 302 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of GXO Logistics in the first quarter worth $34,000. Northwestern Mutual Wealth Management Co. raised its stake in GXO Logistics by 72.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company's stock valued at $37,000 after purchasing an additional 396 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics in the fourth quarter valued at about $41,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.
About GXO Logistics
(
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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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