GXO Logistics (GXO) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GXO Logistics in the last year. There are currently 1 sell rating, 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GXO shares.
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13 Wall Street analysts have issued 12 month price targets for GXO Logistics' shares. Their GXO share price forecasts range from $40.00 to $74.00. On average, they expect the company's share price to reach $60.94 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
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GXO Logistics' stock was trading at $42.69 at the start of the year. Since then, GXO stock has increased by 32.3% and is now trading at $56.47.
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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 daily volume of 761,800 shares, the short-interest ratio is presently 7.8 days. Approximately 5.1% of the company's 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 earnings results on Tuesday, May, 9th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $2.32 billion for 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 firm's revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $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 earnings per share (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 many different institutional and retail investors. Top institutional investors 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 $56.47.

GXO Logistics (NYSE:GXO) has a market capitalization of $10.23 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.