Brokerages Set GXO Logistics, Inc. (NYSE:GXO) PT at $57.62

Shares of GXO Logistics, Inc. (NYSE:GXO) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $56.71.

A number of brokerages recently issued reports on GXO. The Goldman Sachs Group decreased their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and decreased their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays decreased their target price 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. UBS Group decreased their target price on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after acquiring an additional 212,254 shares during the period. Clearbridge Investments LLC grew its stake in GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after buying an additional 153,522 shares during the last quarter. State Street Corp grew its stake in GXO Logistics by 1.9% during the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after buying an additional 66,232 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock worth $121,718,000 after buying an additional 50,682 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after buying an additional 2,612,223 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

Shares of GXO stock opened at $37.49 on Tuesday. GXO Logistics has a 52-week low of $34.51 and a 52-week high of $63.33. 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 firm has a market capitalization of $4.48 billion, a P/E ratio of 33.47, a P/E/G ratio of 1.34 and a beta of 1.62. The stock has a 50 day moving average price of $42.46 and a 200 day moving average price of $49.74.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, sell-side analysts predict that GXO Logistics will post 2.49 earnings per share for the current year.

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.