GXO Logistics (GXO) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GXO Logistics in the last twelve months. There are currently 1 sell rating, 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GXO shares.
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13 Wall Street research analysts have issued twelve-month price targets for GXO Logistics' shares. Their GXO share price forecasts range from $40.00 to $74.00. On average, they anticipate the company's share price to reach $60.94 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
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GXO Logistics' stock was trading at $42.69 on January 1st, 2023. Since then, GXO stock has increased by 38.7% and is now trading at $59.23.
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GXO Logistics saw a increase in short interest in April. As of April 30th, there was short interest totaling 5,920,000 shares, an increase of 5.9% from the April 15th total of 5,590,000 shares. Based on an average trading volume of 761,800 shares, the short-interest ratio is presently 7.8 days. Approximately 5.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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GXO Logistics, Inc. (NYSE:GXO) issued its quarterly earnings data on Tuesday, May, 9th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.06. The company earned $2.32 billion during the quarter, compared to analyst estimates of $2.30 billion. GXO Logistics had a net margin of 2.00% and a trailing twelve-month return on equity of 12.35%. The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS.

ETFs with the largest weight of GXO Logistics (NYSE:GXO) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), U.S. Global Sea to Sky Cargo ETF (SEA), Innovator Deepwater Frontier Tech ETF (LOUP), Motley Fool Small-Cap Growth ETF (TMFS), SPDR S&P Transportation ETF (XTN), MFAM Small-Cap Growth ETF (MFMS), Motley Fool Mid-Cap Growth ETF (TMFM) and BlackRock Future Innovators ETF (BFTR).

GXO Logistics updated its FY23 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $2.30-2.50 for the period, compared to the consensus EPS estimate of $2.41.

GXO Logistics trades on the New York Stock Exchange (NYSE) under the ticker symbol "GXO."

GXO Logistics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Orbis Allan Gray Ltd (13.41%), BlackRock Inc. (8.98%), Perpetual Ltd (4.49%), American Century Companies Inc. (2.87%), State Street Corp (2.80%) and Clearbridge Investments LLC (2.08%). Insiders that own company stock include Gena L Ashe, Gena L Ashe, Malcolm Wilson and S Jacobs Bradley.
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Shares of GXO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GXO stock can currently be purchased for approximately $59.23.

GXO Logistics (NYSE:GXO) has a market capitalization of $10.72 billion and generates $8.99 billion in revenue each year. The company earns $197 million in net income (profit) each year or $1.57 on an earnings per share basis.

The company employs 135,000 workers across the globe.

GXO Logistics' mailing address is Two American Lane, Greenwich CT, 06831. The official website for the company is gxo.com. The company can be reached via phone at 203-489-1287.