GXO Logistics (NYSE:GXO) Price Target Raised to $67.00

GXO Logistics (NYSE:GXO) had its price target increased by JPMorgan Chase & Co. from $66.00 to $67.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently weighed in on GXO. Oppenheimer increased their target price 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 reissued a “sell (d+)” rating on shares of GXO Logistics in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price objective on shares of GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Susquehanna reaffirmed a “positive” rating and set a $64.00 target price on shares of GXO Logistics in a research note on Thursday. Finally, Morgan Stanley reduced their price target on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and an average target price of $61.77.

GXO Logistics Price Performance

NYSE:GXO opened at $50.83 on Thursday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 66.88, a PEG ratio of 2.07 and a beta of 1.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.76. The business has a 50 day simple moving average of $52.83 and a 200-day simple moving average of $48.50. GXO Logistics has a 1 year low of $30.46 and a 1 year high of $61.90.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The company 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%.GXO Logistics’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. Equities analysts forecast that GXO Logistics will post 2.49 EPS for the current year.

Institutional Trading of GXO Logistics

A number of large investors have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in GXO Logistics by 2,460.7% during the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock worth $28,000 after purchasing an additional 689 shares during the period. GAMMA Investing LLC lifted its holdings in shares of GXO Logistics by 57.0% in 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 bought a new position in shares of GXO Logistics during the 2nd quarter worth $34,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of GXO Logistics by 72.1% during the first 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 period. Finally, Farther Finance Advisors LLC raised its holdings in shares of GXO Logistics by 177.9% in 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. 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.