GXO Logistics (NYSE:GXO) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of GXO Logistics (NYSE:GXO) in a research report report published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $60.00 price target on the stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an overweight rating in a report on Tuesday, July 9th. Susquehanna decreased their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a positive rating for the company in a research report on Thursday, September 26th. Finally, UBS Group dropped their target price on GXO Logistics from $71.00 to $66.00 and set a buy rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of Moderate Buy and an average target price of $66.91.

GXO Logistics Price Performance

Shares of GXO opened at $50.89 on Wednesday. The business’s 50-day moving average is $49.68 and its two-hundred day moving average is $50.56. The company has a market capitalization of $6.08 billion, a P/E ratio of 36.61, a P/E/G ratio of 1.55 and a beta of 1.59. GXO Logistics has a fifty-two week low of $46.07 and a fifty-two week high of $63.07. 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 (NYSE:GXO) last posted its earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business earned $0.70 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. Research analysts predict that GXO Logistics will post 2.79 earnings per share for the current year.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors have recently bought and sold shares of GXO. UMB Bank n.a. lifted its position in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after acquiring an additional 331 shares in the last quarter. Mather Group LLC. boosted its stake in GXO Logistics by 170.7% during the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after purchasing an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of GXO Logistics by 920.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after buying an additional 1,151 shares in the last quarter. Motco raised its position in shares of GXO Logistics by 2,836.4% in the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after buying an additional 1,248 shares during the last quarter. Finally, Smithfield Trust Co lifted its stake in shares of GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after buying an additional 195 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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.