GXO Logistics’ (GXO) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of GXO Logistics (NYSE:GXO) in a research note released on Wednesday morning, Benzinga reports. They currently have a $74.00 target price on the stock.

A number of other research analysts have also recently issued reports on GXO. Loop Capital decreased their target price on GXO Logistics from $76.00 to $74.00 and set a buy rating for the company in a research note on Thursday, April 18th. Susquehanna boosted their price target on GXO Logistics from $73.00 to $75.00 and gave the stock a positive rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. cut their target price on shares of GXO Logistics from $67.00 to $65.00 and set an overweight rating for the company in a research note on Tuesday, April 9th. TD Cowen raised their target price on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Finally, Morgan Stanley reissued an overweight rating and set a $70.00 target price on shares of GXO Logistics in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $69.38.

GXO Logistics Price Performance

GXO stock traded down $0.12 during trading on Wednesday, hitting $52.48. The company had a trading volume of 277,245 shares, compared to its average volume of 857,085. The company has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $54.41. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52. GXO Logistics has a fifty-two week low of $48.11 and a fifty-two week high of $67.57. The company has a market cap of $6.27 billion, a P/E ratio of 37.74, a P/E/G ratio of 1.36 and a beta of 1.63.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate 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 net margin of 1.68% and a return on equity of 10.60%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. Equities research analysts expect that GXO Logistics will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gena L. Ashe sold 4,737 shares of the business’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 owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Trading of GXO Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of GXO. Commonwealth Equity Services LLC raised its holdings in shares of GXO Logistics by 1.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 14,856 shares of the company’s stock valued at $871,000 after acquiring an additional 212 shares in the last quarter. Fifth Third Bancorp raised its position in GXO Logistics by 4.2% during the third quarter. Fifth Third Bancorp now owns 7,669 shares of the company’s stock valued at $450,000 after purchasing an additional 309 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new position in shares of GXO Logistics in the 3rd quarter worth about $449,000. Daiwa Securities Group Inc. increased its position in shares of GXO Logistics by 45.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,910 shares of the company’s stock valued at $1,344,000 after purchasing an additional 7,186 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in GXO Logistics in the third quarter worth approximately $441,000. 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.