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

GXO Logistics (NYSE:GXO - Get Free Report) had its price objective lifted by Susquehanna from $57.00 to $58.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 21.11% from the stock's previous close.

GXO has been the topic of several other research reports. Citigroup cut their price target on GXO Logistics from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial cut their price target on GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company upped their price objective on GXO Logistics from $44.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $53.86.

GXO Logistics Trading Down 0.2%

NYSE:GXO traded down $0.12 on Tuesday, reaching $47.89. The company's stock had a trading volume of 1,001,637 shares, compared to its average volume of 1,326,962. GXO Logistics has a 12-month low of $30.46 and a 12-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. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 77.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.59. The stock has a 50 day moving average price of $40.41 and a 200 day moving average price of $41.07.

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

Institutional Trading of GXO Logistics

A number of large investors have recently made changes to their positions in the company. Voya Investment Management LLC boosted its position in shares of GXO Logistics by 30.0% in the 1st quarter. Voya Investment Management LLC now owns 27,994 shares of the company's stock valued at $1,094,000 after purchasing an additional 6,461 shares during the period. Advisors Capital Management LLC boosted its position in shares of GXO Logistics by 17.2% in the 1st quarter. Advisors Capital Management LLC now owns 130,248 shares of the company's stock valued at $5,090,000 after purchasing an additional 19,157 shares during the period. Geneos Wealth Management Inc. raised its stake in GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company's stock valued at $78,000 after acquiring an additional 1,958 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in GXO Logistics during the 1st quarter valued at approximately $151,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in GXO Logistics by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company's stock valued at $14,741,000 after acquiring an additional 8,670 shares during the last quarter. 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.