Susquehanna Cuts GXO Logistics (NYSE:GXO) Price Target to $60.00

GXO Logistics (NYSE:GXO) had its target price decreased by Susquehanna from $62.00 to $60.00 in a research note published on Friday morning, MarketBeat.com reports. Susquehanna currently has a positive rating on the stock.

A number of other research analysts have also commented on the company. UBS Group decreased their price objective on GXO Logistics from $74.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Truist Financial dropped their target price on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Wall Street Zen cut shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Morgan Stanley upped their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Stephens started coverage on shares of GXO Logistics in a research report on Wednesday, July 8th. They set an “overweight” rating and a $75.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.79.

GXO Logistics Trading Down 0.1%

Shares of NYSE:GXO opened at $46.53 on Friday. GXO Logistics has a 12-month low of $43.61 and a 12-month high of $66.85. The business has a 50 day moving average of $47.31 and a 200-day moving average of $50.17. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The stock has a market cap of $5.34 billion, a PE ratio of 41.18, a P/E/G ratio of 1.45 and a beta of 1.57.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, equities research analysts forecast that GXO Logistics will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd raised its holdings in GXO Logistics by 3.1% in the 2nd quarter. WINTON GROUP Ltd now owns 288,330 shares of the company’s stock valued at $14,618,000 after acquiring an additional 8,721 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of GXO Logistics by 50.1% during the 2nd quarter. Engineers Gate Manager LP now owns 644,807 shares of the company’s stock worth $32,692,000 after purchasing an additional 215,269 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of GXO Logistics during the 2nd quarter worth $48,000. Nykredit A S bought a new position in shares of GXO Logistics in the second quarter worth $73,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of GXO Logistics in the second quarter worth $2,938,000. Institutional investors own 90.67% of the company’s stock.

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.

The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.