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

GXO Logistics, Inc. (NYSE:GXO) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $68.85.

A number of equities analysts recently commented on GXO shares. TD Cowen lifted their price target on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Loop Capital reduced their price target on GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Morgan Stanley restated an “overweight” rating and set a $70.00 price objective on shares of GXO Logistics in a report on Tuesday, May 14th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, CEO Malcolm Wilson acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average cost of $49.95 per share, with a total value of $499,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 100,814 shares in the company, valued at approximately $5,035,659.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of GXO Logistics during the third quarter valued at about $31,000. Headlands Technologies LLC purchased a new position in GXO Logistics in the fourth quarter worth $59,000. Motco increased its position in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock worth $69,000 after purchasing an additional 1,248 shares in the last quarter. Smithfield Trust Co boosted its position in shares of GXO Logistics by 16.5% in the 1st quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after purchasing an additional 195 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in GXO Logistics during the 1st quarter worth $80,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Up 0.1 %

Shares of GXO opened at $49.41 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 1.52 and a beta of 1.60. GXO Logistics has a 1 year low of $46.38 and a 1 year high of $67.57. The business’s 50 day simple moving average is $50.24 and its 200-day simple moving average is $52.93.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. As a group, equities analysts expect that GXO Logistics will post 2.77 earnings per share for the current fiscal year.

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.