UBS Group Forecasts Strong Price Appreciation for GXO Logistics (NYSE:GXO) Stock

Key Points

• UBS Group has raised its price target for GXO Logistics from $50.00 to $58.00, indicating a potential upside of 12.61% from its current stock price.
• Eleven analysts have rated GXO as a "buy," while four rated it as a "hold," contributing to an average price target of $58.86.
• GXO Logistics reported a revenue increase of 15.9% year-over-year for the last quarter, reaching $3.30 billion, alongside earnings per share of $0.57.

GXO Logistics (NYSE:GXO - Get Free Report) had its price target raised by equities research analysts at UBS Group from $50.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 12.61% from the company's current price.

Several other analysts have also recently issued reports on GXO. Susquehanna increased their target price on GXO Logistics from $58.00 to $60.00 and gave the company a "positive" rating in a research report on Thursday. Oppenheimer raised their price target on shares of GXO Logistics from $55.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday. Stifel Nicolaus lifted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Citigroup raised their price objective on GXO Logistics from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Truist Financial raised shares of GXO Logistics from a "hold" rating to a "buy" rating and increased their price objective for the company from $48.00 to $62.00 in a research report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $58.86.

GXO Logistics Price Performance

Shares of NYSE GXO traded up $1.02 during mid-day trading on Thursday, hitting $51.51. 756,779 shares of the company's stock traded hands, compared to its average volume of 1,457,047. The company has a market capitalization of $5.89 billion, a P/E ratio of 97.06, a PEG ratio of 1.79 and a beta of 1.64. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.78. The company's 50-day moving average is $47.76 and its two-hundred day moving average is $42.27. GXO Logistics has a 1 year low of $30.46 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. GXO Logistics had a return on equity of 10.41% and a net margin of 0.50%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the company earned $0.55 earnings per share. The business's revenue for the quarter was up 15.9% 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 institutional investors and hedge funds have recently made changes to their positions in the business. Global Alpha Capital Management Ltd. increased its holdings in GXO Logistics by 42.7% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,164,730 shares of the company's stock worth $56,722,000 after acquiring an additional 348,300 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of GXO Logistics in the second quarter valued at about $3,848,000. Pekin Hardy Strauss Inc. increased its stake in shares of GXO Logistics by 2.7% during the second quarter. Pekin Hardy Strauss Inc. now owns 167,058 shares of the company's stock worth $8,136,000 after purchasing an additional 4,320 shares in the last quarter. Twin Capital Management Inc. raised its position in shares of GXO Logistics by 3.8% during the 2nd quarter. Twin Capital Management Inc. now owns 36,944 shares of the company's stock worth $1,799,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in GXO Logistics by 11.0% in the 2nd quarter. Sigma Planning Corp now owns 14,107 shares of the company's stock valued at $687,000 after buying an additional 1,394 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other 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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