Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $69.17

Shares of GXO Logistics, Inc. (NYSE:GXO) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $69.17.

GXO has been the topic of a number of research reports. Susquehanna increased their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. Citigroup decreased their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. TD Cowen raised their price target on shares of GXO Logistics from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Stifel Nicolaus raised their price target on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $48.85 on Friday. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.12 and a beta of 1.64. GXO Logistics has a 52 week low of $48.12 and a 52 week high of $67.57. The company’s 50-day moving average price is $51.84 and its 200 day moving average price is $54.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. As a group, research analysts forecast that GXO Logistics will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the sale, the director now directly owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of GXO Logistics by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,145,865 shares of the company’s stock valued at $681,681,000 after purchasing an additional 72,764 shares during the period. State Street Corp raised its stake in shares of GXO Logistics by 0.6% during the second quarter. State Street Corp now owns 3,342,442 shares of the company’s stock valued at $209,972,000 after purchasing an additional 18,838 shares during the period. Clearbridge Investments LLC raised its stake in shares of GXO Logistics by 2.6% during the fourth quarter. Clearbridge Investments LLC now owns 2,941,518 shares of the company’s stock valued at $179,903,000 after purchasing an additional 75,712 shares during the period. Morgan Stanley raised its stake in shares of GXO Logistics by 58.9% during the fourth quarter. Morgan Stanley now owns 2,746,808 shares of the company’s stock valued at $117,261,000 after purchasing an additional 1,017,980 shares during the period. Finally, FMR LLC raised its stake in shares of GXO Logistics by 0.4% during the third quarter. FMR LLC now owns 2,173,881 shares of the company’s stock valued at $127,498,000 after purchasing an additional 8,668 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

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.