Brokerages Set GXO Logistics, Inc. (NYSE:GXO) PT at $69.17

GXO Logistics, Inc. (NYSE:GXO) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $69.1667.

A number of analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and set a $70.00 target price on shares of GXO Logistics in a research report on Thursday, February 12th. Weiss Ratings downgraded GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Susquehanna reaffirmed a “positive” rating and set a $82.00 price objective on shares of GXO Logistics in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price objective on shares of GXO Logistics in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised their target price on shares of GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd raised its position in GXO Logistics by 0.3% during the fourth quarter. Orbis Allan Gray Ltd now owns 13,424,844 shares of the company’s stock valued at $706,684,000 after purchasing an additional 37,035 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of GXO Logistics by 3,222,426.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock valued at $593,791,000 after purchasing an additional 11,697,409 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of GXO Logistics by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,495,476 shares of the company’s stock valued at $236,646,000 after purchasing an additional 289,142 shares during the last quarter. Focus Partners Wealth bought a new position in shares of GXO Logistics in the 4th quarter valued at $181,648,000. Finally, River Road Asset Management LLC increased its stake in shares of GXO Logistics by 5.4% in the 2nd quarter. River Road Asset Management LLC now owns 2,967,046 shares of the company’s stock valued at $147,492,000 after purchasing an additional 152,561 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Up 0.9%

NYSE GXO opened at $52.97 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 176.55, a PEG ratio of 1.78 and a beta of 1.62. The company has a 50 day moving average of $58.84 and a 200-day moving average of $54.62. GXO Logistics has a 1-year low of $30.46 and a 1-year high of $66.85.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.