GXO Logistics, Inc. (NYSE:GXO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of GXO Logistics, Inc. (NYSE:GXO) have received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $69.54.

Several equities analysts recently commented on the stock. Loop Capital dropped their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday. BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Wednesday, March 27th. Susquehanna increased their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. Stifel Nicolaus increased their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Citigroup dropped their price objective on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 15th.

GXO Logistics Stock Performance

NYSE GXO opened at $49.71 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.06 and a beta of 1.64. The firm’s 50 day simple moving average is $51.53 and its 200 day simple moving average is $54.72. GXO Logistics has a 1 year low of $48.11 and a 1 year high of $67.57.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. As a group, research analysts expect that GXO Logistics will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now owns 20,851 shares of the company’s stock, valued at $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its stake in GXO Logistics by 217.2% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the company’s stock worth $27,000 after buying an additional 291 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in GXO Logistics in the third quarter worth $31,000. Geneos Wealth Management Inc. acquired a new stake in GXO Logistics in the first quarter worth $39,000. Nomura Asset Management Co. Ltd. grew its holdings in GXO Logistics by 58.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company’s stock worth $44,000 after purchasing an additional 320 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in GXO Logistics in the second quarter worth $48,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Company Profile

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.