GXO Logistics (NYSE:GXO) PT Raised to $80.00 at TD Cowen

GXO Logistics (NYSE:GXO) had its target price raised by research analysts at TD Cowen from $78.00 to $80.00 in a research report issued on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 58.35% from the stock’s current price.

Several other research firms also recently commented on GXO. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Wednesday, March 27th. Loop Capital lowered their price objective on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Susquehanna raised their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. Stifel Nicolaus boosted their target price on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Citigroup dropped their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.69.

GXO Logistics Stock Down 0.0 %

Shares of NYSE GXO opened at $50.52 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm has a market cap of $6.03 billion, a PE ratio of 26.45, a P/E/G ratio of 2.06 and a beta of 1.64. The company’s fifty day simple moving average is $50.97 and its 200 day simple moving average is $54.54. GXO Logistics has a 12-month low of $48.11 and a 12-month high of $67.57.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 earnings per share. As a group, sell-side analysts forecast that GXO Logistics will post 2.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the sale, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Trading of GXO Logistics

A number of large investors have recently added to or reduced their stakes in GXO. Gilman Hill Asset Management LLC boosted its stake in GXO Logistics by 0.3% in the fourth quarter. Gilman Hill Asset Management LLC now owns 56,156 shares of the company’s stock valued at $3,435,000 after acquiring an additional 170 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in GXO Logistics by 1.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 12,430 shares of the company’s stock valued at $729,000 after purchasing an additional 190 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in GXO Logistics by 5.3% during the third quarter. Kestra Private Wealth Services LLC now owns 4,004 shares of the company’s stock valued at $235,000 after purchasing an additional 200 shares during the period. Commonwealth Equity Services LLC increased its position in GXO Logistics by 1.4% in the third quarter. Commonwealth Equity Services LLC now owns 14,856 shares of the company’s stock worth $871,000 after buying an additional 212 shares during the last quarter. Finally, Mathes Company Inc. raised its stake in shares of GXO Logistics by 1.0% in the fourth quarter. Mathes Company Inc. now owns 23,225 shares of the company’s stock valued at $1,420,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

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.