Analysts Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $57.62

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $57.62.

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Finally, Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd.

GXO Logistics Trading Down 0.3 %

Shares of GXO stock opened at $38.35 on Tuesday. GXO Logistics has a 12 month low of $34.51 and a 12 month high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $42.67 and its two-hundred day moving average is $49.87. The company has a market cap of $4.58 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. lifted its position in GXO Logistics by 740.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company’s stock worth $2,730,000 after purchasing an additional 55,282 shares during the period. Teza Capital Management LLC bought a new position in shares of GXO Logistics during the fourth quarter valued at $302,000. State of Wyoming bought a new position in shares of GXO Logistics during the fourth quarter valued at $133,000. Spruce House Investment Management LLC lifted its holdings in shares of GXO Logistics by 133.3% during the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock valued at $91,350,000 after acquiring an additional 1,200,000 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of GXO Logistics during the fourth quarter valued at $2,891,000. 90.67% of the stock is owned by institutional investors.

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.