Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $66.33

GXO Logistics, Inc. (NYSE:GXO) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $66.33.

Several research firms have issued reports on GXO. TD Cowen raised their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays dropped their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Citigroup initiated coverage on GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective for the company. Susquehanna dropped their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. Finally, Oppenheimer raised their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $44.89 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics has a 52 week low of $41.38 and a 52 week high of $63.33. The firm has a market cap of $5.36 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 1.47 and a beta of 1.60. The firm’s fifty day moving average is $51.18 and its 200-day moving average is $52.17.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue was up 27.8% on a year-over-year basis. Sell-side analysts predict that GXO Logistics will post 2.76 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

A number of institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors increased its stake in GXO Logistics by 16.3% during the 4th quarter. Arkadios Wealth Advisors now owns 6,498 shares of the company’s stock valued at $283,000 after purchasing an additional 909 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of GXO Logistics during the fourth quarter worth about $117,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of GXO Logistics by 213.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock worth $60,000 after acquiring an additional 933 shares during the last quarter. FNY Investment Advisers LLC bought a new position in GXO Logistics in the 4th quarter valued at about $182,000. Finally, Harbor Capital Advisors Inc. lifted its position in GXO Logistics by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 48,937 shares of the company’s stock valued at $2,129,000 after acquiring an additional 1,172 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

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.