GXO Logistics (NYSE:GXO) Price Target Raised to $72.00

GXO Logistics (NYSE:GXO) had its target price upped by UBS Group from $66.00 to $72.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

GXO has been the subject of several other research reports. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday. Susquehanna cut their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.55.

GXO Logistics Stock Down 1.1 %

NYSE:GXO traded down $0.67 during mid-day trading on Wednesday, hitting $59.75. The stock had a trading volume of 640,761 shares, compared to its average volume of 1,875,850. GXO Logistics has a twelve month low of $46.07 and a twelve month high of $63.33. The stock has a 50-day simple moving average of $54.95 and a two-hundred day simple moving average of $52.04. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $7.14 billion, a PE ratio of 66.39, a PEG ratio of 1.84 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last posted its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. On average, equities research analysts anticipate that GXO Logistics will post 2.78 EPS for the current year.

Institutional Investors Weigh In On GXO Logistics

A number of institutional investors have recently added to or reduced their stakes in GXO. Norden Group LLC acquired a new position in shares of GXO Logistics during the 1st quarter valued at $697,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of GXO Logistics by 25.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,591 shares of the company’s stock worth $1,752,000 after purchasing an additional 6,653 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in GXO Logistics by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 104,108 shares of the company’s stock valued at $5,597,000 after purchasing an additional 1,392 shares in the last quarter. Quantbot Technologies LP purchased a new stake in GXO Logistics during the 1st quarter worth $1,354,000. Finally, Sciencast Management LP increased its stake in GXO Logistics by 14.4% during the 1st quarter. Sciencast Management LP now owns 8,211 shares of the company’s stock worth $441,000 after buying an additional 1,033 shares during the period. Hedge funds and other 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.