GXO Logistics (NYSE:GXO) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

GXO Logistics (NYSE:GXO) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat reports. The firm currently has a $64.00 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 25.91% from the stock’s current price.

GXO has been the topic of several other research reports. Barclays upped their target price on GXO Logistics from $45.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Oppenheimer increased their price objective on shares of GXO Logistics from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of GXO Logistics in a research report on Wednesday, October 8th. UBS Group upped their price target on shares of GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Susquehanna raised their price objective on shares of GXO Logistics from $58.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $61.77.

GXO Logistics Stock Up 0.0%

Shares of GXO stock opened at $50.83 on Thursday. GXO Logistics has a twelve month low of $30.46 and a twelve month high of $61.90. The company has a current ratio of 0.71, a quick ratio of 0.76 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.82 billion, a P/E ratio of 66.88, a P/E/G ratio of 2.06 and a beta of 1.64. The stock has a 50 day moving average of $52.83 and a 200 day moving average of $48.41.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.39 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 EPS. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. As a group, sell-side analysts expect that GXO Logistics will post 2.49 EPS for the current year.

Institutional Trading of GXO Logistics

Several large investors have recently bought and sold shares of GXO. Larson Financial Group LLC lifted its position in shares of GXO Logistics by 2,460.7% during the first quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 689 shares in the last quarter. GAMMA Investing LLC increased its stake in GXO Logistics by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after buying an additional 302 shares during the period. Chapman Financial Group LLC acquired a new position in GXO Logistics in the 2nd quarter worth $34,000. Northwestern Mutual Wealth Management Co. boosted its position in GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after buying an additional 396 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of GXO Logistics by 177.9% during the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after acquiring an additional 491 shares in 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.