GXO Logistics (GXO) Stock Forecast, Price & News

15 Wall Street 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 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GXO shares.
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15 Wall Street research analysts have issued twelve-month price objectives for GXO Logistics' stock. Their GXO share price forecasts range from $40.00 to $81.00. On average, they expect the company's stock price to reach $68.17 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
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GXO Logistics' stock was trading at $42.69 at the beginning of 2023. Since then, GXO stock has increased by 35.5% and is now trading at $57.85.
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GXO Logistics saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,660,000 shares, a drop of 18.5% from the August 15th total of 4,490,000 shares. Based on an average daily volume of 680,200 shares, the days-to-cover ratio is presently 5.4 days. Currently, 3.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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GXO Logistics, Inc. (NYSE:GXO) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. The company earned $2.39 billion during the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a net margin of 2.10% and a trailing twelve-month return on equity of 12.25%. GXO Logistics's revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share.

ETFs with the largest weight of GXO Logistics (NYSE:GXO) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), Tema American Reshoring ETF (RSHO), Innovator Deepwater Frontier Tech ETF (LOUP), U.S. Global Sea to Sky Cargo ETF (SEA), Motley Fool Mid-Cap Growth ETF (TMFM) and ProShares Supply Chain Logistics ETF (SUPL).

GXO Logistics issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $2.45-$2.65 for the period, compared to the consensus earnings per share estimate of $2.53. The company issued revenue guidance of -.

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

GXO Logistics' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.95%), Perpetual Ltd (3.11%), State Street Corp (2.81%), Clearbridge Investments LLC (1.58%), Dimensional Fund Advisors LP (1.20%) and Geode Capital Management LLC (0.96%). 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 $57.85.

GXO Logistics (NYSE:GXO) has a market capitalization of $6.88 billion and generates $8.99 billion in revenue each year. The company earns $197 million in net income (profit) each year or $1.67 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 or via email at chris.jordan@gxo.com.