Analysts Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $54.93

Shares of GXO Logistics, Inc. (NYSE:GXO) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $54.57.

Several brokerages recently weighed in on GXO. Barclays cut their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Oppenheimer dropped their price target on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley dropped their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th.

GXO Logistics Stock Performance

GXO stock opened at $35.78 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The stock has a market cap of $4.19 billion, a P/E ratio of 31.95, a P/E/G ratio of 1.34 and a beta of 1.56. The firm has a 50 day simple moving average of $37.53 and a 200 day simple moving average of $46.35. GXO Logistics has a 52 week low of $30.46 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Research analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of institutional investors have recently added to or reduced their stakes in GXO. Barclays PLC grew its position in GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after buying an additional 14,020 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in GXO Logistics during the third quarter worth about $210,000. Wilmington Savings Fund Society FSB acquired a new stake in GXO Logistics during the third quarter worth about $71,000. Tidal Investments LLC acquired a new stake in GXO Logistics during the third quarter worth about $667,000. Finally, Synovus Financial Corp grew its position in GXO Logistics by 10.8% during the third quarter. Synovus Financial Corp now owns 9,018 shares of the company’s stock worth $470,000 after buying an additional 882 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.