GXO Logistics, Inc. (NYSE:GXO) Given Consensus Rating of “Moderate Buy” by Brokerages

GXO Logistics, Inc. (NYSE:GXO) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $63.46.

Several analysts recently issued reports on GXO shares. The Goldman Sachs Group dropped their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays reduced their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Oppenheimer raised their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

GXO Logistics Stock Down 0.1 %

GXO opened at $43.02 on Friday. GXO Logistics has a twelve month low of $41.38 and a twelve month high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $45.04 and a 200 day moving average price of $51.13. The company has a market cap of $5.14 billion, a PE ratio of 47.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60.

Institutional Trading of GXO Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of GXO Logistics in the third quarter valued at about $28,000. UMB Bank n.a. lifted its stake in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares during the period. Signaturefd LLC raised its position in GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the last quarter. Hara Capital LLC acquired a new position in GXO Logistics during the third quarter worth about $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in GXO Logistics by 37.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 282 shares during the last quarter. Institutional investors and hedge funds 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.