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

GXO Logistics (NYSE:GXO) had its target price raised by equities researchers at UBS Group from $64.00 to $69.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s price objective points to a potential upside of 24.91% from the company’s current price.

GXO has been the topic of a number of other reports. TD Cowen lifted their price objective on GXO Logistics from $69.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on GXO Logistics from $68.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings raised GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. Truist Financial lowered their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group upped their price target on GXO Logistics from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.57.

GXO Logistics Stock Performance

GXO Logistics stock traded up $0.06 on Thursday, hitting $55.24. The company’s stock had a trading volume of 1,269,269 shares, compared to its average volume of 1,000,167. GXO Logistics has a one year low of $43.61 and a one year high of $66.85. The firm has a market cap of $6.33 billion, a P/E ratio of 46.81, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $47.57 and a 200-day moving average price of $51.77.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that GXO Logistics will post 3.07 earnings per share for the current year.

Institutional Investors Weigh In On GXO Logistics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new position in shares of GXO Logistics during the second quarter worth approximately $37,000. Integrated Wealth Concepts LLC acquired a new stake in shares of GXO Logistics in the second quarter valued at approximately $48,000. Nykredit A S bought a new position in GXO Logistics in the 2nd quarter worth approximately $73,000. Covestor Ltd raised its position in GXO Logistics by 230.6% in the 3rd quarter. Covestor Ltd now owns 1,792 shares of the company’s stock worth $80,000 after purchasing an additional 1,250 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in GXO Logistics by 14.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock worth $82,000 after purchasing an additional 231 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

Trending Headlines about GXO Logistics

Here are the key news stories impacting GXO Logistics this week:

• Positive Sentiment: Broad analyst optimism: JPMorgan raised its target to $73 and maintained an overweight rating; UBS lifted its target to $69 with a buy rating; Susquehanna raised its target to $66 and assigned a positive rating. Citigroup and Oppenheimer also raised their targets, to $66 and $65, respectively, with buy/outperform ratings. JPMorgan rating UBS rating Susquehanna rating Citigroup rating Oppenheimer rating
• Positive Sentiment: Quarterly results beat estimates: GXO reported Q3 earnings of $0.89 per share versus the $0.86 consensus and revenue of $3.59 billion versus $3.54 billion expected. Revenue grew 5.7% year over year. Coverage also noted expanded AI and automation initiatives. GXO Q3 growth and automation
• Positive Sentiment: Improving outlook: GXO’s CEO sees growth accelerating and a margin inflection ahead, signaling potential operating improvement that may support future earnings. CEO outlook

GXO Logistics Company Profile

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.