Susquehanna Issues Positive Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its price target upped by equities research analysts at Susquehanna from $57.00 to $58.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 19.49% from the stock’s current price.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 target price for the company. Stifel Nicolaus raised their target price on GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Monday. Citigroup cut their price target on GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Truist Financial decreased their price objective on GXO Logistics from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price objective on GXO Logistics from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average price target of $53.86.

GXO Logistics Stock Performance

GXO stock traded down $0.56 on Tuesday, hitting $48.54. The company had a trading volume of 1,308,267 shares, compared to its average volume of 1,320,220. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.88. GXO Logistics has a 12-month low of $30.46 and a 12-month high of $63.33. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 78.29, a P/E/G ratio of 2.25 and a beta of 1.59. The stock’s 50-day simple moving average is $39.83 and its 200 day simple moving average is $40.97.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities research analysts expect that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd raised its stake in GXO Logistics by 6.5% during the first quarter. Orbis Allan Gray Ltd now owns 13,473,172 shares of the company’s stock valued at $526,532,000 after purchasing an additional 818,353 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of GXO Logistics by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 11,370,657 shares of the company’s stock worth $444,365,000 after buying an additional 37,852 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of GXO Logistics by 3.8% during the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock valued at $183,924,000 after buying an additional 153,522 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of GXO Logistics by 29.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,608,468 shares of the company’s stock valued at $141,021,000 after acquiring an additional 810,298 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in GXO Logistics by 27.0% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,330,176 shares of the company’s stock worth $130,143,000 after acquiring an additional 708,661 shares in the last quarter. Hedge funds and other institutional investors 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.