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

GXO Logistics (NYSE:GXO) had its target price raised by Barclays from $55.00 to $60.00 in a research report report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages have also commented on GXO. TD Cowen lifted their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup started coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. Susquehanna dropped their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, UBS Group boosted their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

GXO Logistics Price Performance

GXO Logistics stock opened at $58.65 on Wednesday. The stock has a fifty day moving average of $56.06 and a 200-day moving average of $52.37. The stock has a market capitalization of $7.01 billion, a P/E ratio of 65.16, a price-to-earnings-growth ratio of 1.82 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics has a 52 week low of $46.07 and a 52 week high of $63.33.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 27.8% on a year-over-year basis. On average, sell-side analysts expect that GXO Logistics will post 2.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GXO. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter valued at $28,000. UMB Bank n.a. grew its holdings in GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after purchasing an additional 331 shares during the period. Signaturefd LLC grew its stake in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the period. Hara Capital LLC bought a new position in GXO Logistics in the third quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after acquiring an additional 282 shares during the period. 90.67% of the stock is owned by institutional investors.

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.