Brokerages Set GXO Logistics, Inc. (NYSE:GXO) PT at $67.45

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $67.45.

A number of brokerages have weighed in on GXO. Wells Fargo & Company started coverage on shares of GXO Logistics in a research report on Friday, June 7th. They issued an “overweight” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. upped their target price on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Finally, UBS Group cut their price target on GXO Logistics from $71.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

Institutional Trading of GXO Logistics

Large investors have recently bought and sold shares of the business. Smithfield Trust Co boosted its stake in GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after acquiring an additional 195 shares in the last quarter. Blue Zone Wealth Advisors LLC grew its stake in shares of GXO Logistics by 0.5% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 46,898 shares of the company’s stock valued at $2,521,000 after buying an additional 229 shares during the period. Coldstream Capital Management Inc. increased its position in GXO Logistics by 6.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,477 shares of the company’s stock valued at $274,000 after buying an additional 258 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in GXO Logistics by 0.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the company’s stock worth $2,251,000 after buying an additional 262 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of GXO Logistics by 16.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock valued at $122,000 after acquiring an additional 287 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Price Performance

GXO Logistics stock opened at $51.07 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics has a 52 week low of $46.07 and a 52 week high of $63.07. The stock has a market capitalization of $6.10 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 1.46 and a beta of 1.58. The stock has a fifty day moving average of $50.59 and a 200-day moving average of $50.42.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $0.70 EPS. On average, sell-side analysts expect that GXO Logistics will post 2.79 earnings per share for the current fiscal year.

About GXO Logistics

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.