GXO Logistics (NYSE:GXO) Price Target Raised to $75.00

GXO Logistics (NYSE:GXO) had its price objective lifted by equities research analysts at Barclays from $65.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 36.89% from the stock’s current price.

Several other research firms have also issued reports on GXO. JPMorgan Chase & Co. raised their price target on shares of GXO Logistics from $68.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. Stifel Nicolaus cut their price objective on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. The Goldman Sachs Group increased their target price on shares of GXO Logistics from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Oppenheimer lifted their target price on GXO Logistics from $61.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. Finally, UBS Group boosted their price target on GXO Logistics from $64.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.29.

GXO Logistics Stock Performance

GXO traded down $0.20 during midday trading on Thursday, reaching $54.79. The company’s stock had a trading volume of 522,011 shares, compared to its average volume of 1,359,604. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $48.07 and a 200 day simple moving average of $51.75. The stock has a market cap of $6.19 billion, a P/E ratio of 46.41, a PEG ratio of 1.71 and a beta of 1.52. GXO Logistics has a twelve month low of $43.61 and a twelve month high of $66.85.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. GXO Logistics had a return on equity of 10.91% and a net margin of 0.98%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. Research analysts expect that GXO Logistics will post 3.08 earnings per share for the current year.

Institutional Trading of GXO Logistics

Several institutional investors have recently made changes to their positions in GXO. Renaissance Technologies LLC bought a new position in shares of GXO Logistics during the 1st quarter worth approximately $2,919,000. Public Employees Retirement System of Ohio bought a new stake in GXO Logistics during the second quarter worth about $1,650,000. Edgestream Partners L.P. increased its holdings in shares of GXO Logistics by 1,344.4% during the first quarter. Edgestream Partners L.P. now owns 108,601 shares of the company’s stock worth $5,631,000 after buying an additional 101,082 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of GXO Logistics by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock worth $252,318,000 after buying an additional 371,391 shares in the last quarter. Finally, Diversified Management Inc. bought a new position in shares of GXO Logistics in the third quarter valued at approximately $1,372,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Company Profile

GXO Logistics is a contract logistics provider that manages supply chain operations for companies across a range of industries. Its services include warehousing, inventory management, order fulfillment, distribution, transportation coordination and product returns. The company uses technology and warehouse automation to support customers’ logistics needs, including e-commerce fulfillment and other complex supply chain operations. GXO serves customers across multiple regions, including North America and Europe.