GXO Logistics (NYSE:GXO) Stock Price Expected to Rise, Citigroup Analyst Says

GXO Logistics (NYSE:GXO) had its price target upped by stock analysts at Citigroup from $65.00 to $66.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s price objective would indicate a potential upside of 19.36% from the company’s previous close.

A number of other equities research analysts also recently issued reports on GXO. Susquehanna set a $72.00 price objective on shares of GXO Logistics in a research report on Wednesday. Stephens began coverage on shares of GXO Logistics in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price objective for the company. Citizens Jmp began coverage on shares of GXO Logistics in a research report on Wednesday, July 15th. They set a “market perform” rating and a $80.00 target price on the stock. TD Cowen boosted their target price on GXO Logistics from $69.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company assumed coverage on GXO Logistics in a report on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 target price for the company. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.80.

GXO Logistics Stock Down 2.9%

Shares of NYSE GXO traded down $1.66 during trading on Thursday, hitting $55.30. The stock had a trading volume of 2,859,279 shares, compared to its average volume of 1,362,968. GXO Logistics has a 12 month low of $43.61 and a 12 month high of $66.85. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $6.34 billion, a PE ratio of 46.86, a PEG ratio of 1.63 and a beta of 1.52. The firm has a fifty day moving average of $47.28 and a two-hundred day moving average of $51.78.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. GXO Logistics had a net margin of 0.98% and a return on equity of 10.92%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts forecast that GXO Logistics will post 3.05 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in GXO Logistics in the first quarter worth about $2,919,000. Public Employees Retirement System of Ohio purchased a new position in GXO Logistics in the second quarter valued at about $1,650,000. Edgestream Partners L.P. boosted its stake in GXO Logistics by 1,344.4% in the first quarter. Edgestream Partners L.P. now owns 108,601 shares of the company’s stock valued at $5,631,000 after acquiring an additional 101,082 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in GXO Logistics by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock valued at $252,318,000 after acquiring an additional 371,391 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in shares of GXO Logistics by 9.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 261,426 shares of the company’s stock valued at $13,555,000 after acquiring an additional 22,940 shares during the period. Institutional investors own 90.67% of the company’s stock.

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.