GXO Logistics (NYSE:GXO) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of GXO Logistics (NYSE:GXO) from a neutral rating to a buy rating in a report released on Wednesday morning, MarketBeat reports. The Goldman Sachs Group currently has $61.00 target price on the stock.

Other research analysts have also issued reports about the company. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Susquehanna reduced their price objective on GXO Logistics from $62.00 to $60.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Truist Financial decreased their price objective on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. UBS Group decreased their price objective on GXO Logistics from $74.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Stifel Nicolaus lowered their target price on GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and a consensus price target of $63.29.

GXO Logistics Trading Up 1.3%

NYSE GXO opened at $47.18 on Wednesday. GXO Logistics has a twelve month low of $43.61 and a twelve month high of $66.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 1.45 and a beta of 1.57. The firm’s 50 day moving average price is $46.51 and its two-hundred day moving average price is $49.81.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. Equities analysts anticipate that GXO Logistics will post 3.05 EPS for the current year.

Institutional Trading of GXO Logistics

Institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new position in shares of GXO Logistics during the 2nd quarter worth $37,000. Integrated Wealth Concepts LLC bought a new position in shares of GXO Logistics during the 2nd quarter valued at $48,000. Nykredit A S bought a new position in shares of GXO Logistics during the 2nd quarter valued at $73,000. GAMMA Investing LLC lifted its stake in shares of GXO Logistics by 14.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock valued at $82,000 after purchasing an additional 231 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of GXO Logistics in the 1st quarter valued at $104,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.

The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.