GXO Logistics (NYSE:GXO) Given New $66.00 Price Target at Susquehanna

GXO Logistics (NYSE:GXO) had its target price upped by Susquehanna from $60.00 to $66.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a positive rating on the stock.

Several other analysts have also weighed in on GXO. UBS Group lifted their target price on shares of GXO Logistics from $64.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup increased their price objective on shares of GXO Logistics from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group boosted their price objective on shares of GXO Logistics from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings upgraded shares of GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 16th. Finally, TD Cowen raised their target price on shares of GXO Logistics from $69.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.57.

GXO Logistics Stock Up 0.1%

Shares of NYSE GXO traded up $0.06 during mid-day trading on Friday, reaching $55.24. 1,269,269 shares of the company traded hands, compared to its average volume of 1,000,167. The company’s fifty day moving average is $47.57 and its two-hundred day moving average is $51.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. GXO Logistics has a fifty-two week low of $43.61 and a fifty-two week high of $66.85. The stock has a market cap of $6.33 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52.

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

Institutional Trading of GXO Logistics

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in GXO Logistics during the first quarter valued at approximately $2,919,000. Public Employees Retirement System of Ohio bought a new stake in GXO Logistics in the second quarter valued at approximately $1,650,000. Edgestream Partners L.P. increased its stake in GXO Logistics by 1,344.4% in the first quarter. Edgestream Partners L.P. now owns 108,601 shares of the company’s stock valued at $5,631,000 after purchasing an additional 101,082 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in GXO Logistics by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock worth $252,318,000 after purchasing an additional 371,391 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in GXO Logistics by 9.6% in the first quarter. Segall Bryant & Hamill LLC now owns 261,426 shares of the company’s stock worth $13,555,000 after purchasing an additional 22,940 shares during the period. 90.67% of the stock is owned by institutional investors.

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

About GXO Logistics

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.