GXO Logistics, Inc. (NYSE:GXO) Receives $68.85 Average Target Price from Brokerages

GXO Logistics, Inc. (NYSE:GXO) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $68.85.

A number of research firms recently commented on GXO. TD Cowen lifted their price objective on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley restated an “overweight” rating and issued a $70.00 price target on shares of GXO Logistics in a report on Tuesday, May 14th. Wells Fargo & Company began coverage on GXO Logistics in a report on Friday, June 7th. They issued an “overweight” rating and a $58.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $74.00 price target on shares of GXO Logistics in a report on Wednesday, May 15th. Finally, Loop Capital lowered their price target on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, April 18th.

Insider Buying and Selling

In related news, CEO Malcolm Wilson purchased 10,000 shares of GXO Logistics stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average cost of $49.95 per share, with a total value of $499,500.00. Following the transaction, the chief executive officer now owns 100,814 shares of the company’s stock, valued at approximately $5,035,659.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GXO Logistics

Institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $31,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $257,000. Envestnet Asset Management Inc. increased its holdings in shares of GXO Logistics by 34.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 169,577 shares of the company’s stock valued at $9,946,000 after acquiring an additional 43,295 shares during the last quarter. Mariner LLC increased its holdings in shares of GXO Logistics by 15.9% in the 3rd quarter. Mariner LLC now owns 9,271 shares of the company’s stock valued at $544,000 after acquiring an additional 1,273 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $253,000. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Trading Up 1.8 %

Shares of GXO stock opened at $50.50 on Thursday. GXO Logistics has a fifty-two week low of $46.38 and a fifty-two week high of $67.57. The stock has a market cap of $6.03 billion, a P/E ratio of 36.33, a P/E/G ratio of 1.49 and a beta of 1.61. The business has a fifty day simple moving average of $50.25 and a 200-day simple moving average of $53.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.52.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, analysts forecast 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.