GXO Logistics, Inc. (NYSE:GXO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

GXO Logistics, Inc. (NYSE:GXO) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $61.5714.

GXO has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of GXO Logistics from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $68.00 in a research report on Wednesday, September 24th. Morgan Stanley reduced their price target on shares of GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. increased their price target on shares of GXO Logistics from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Susquehanna increased their price target on shares of GXO Logistics from $58.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of GXO Logistics in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On GXO Logistics

A number of hedge funds have recently added to or reduced their stakes in the company. Delta Investment Management LLC increased its holdings in GXO Logistics by 9.5% in the third quarter. Delta Investment Management LLC now owns 4,707 shares of the company’s stock worth $249,000 after buying an additional 409 shares during the last quarter. Security National Bank increased its holdings in GXO Logistics by 7.1% in the third quarter. Security National Bank now owns 90,570 shares of the company’s stock worth $4,790,000 after buying an additional 6,020 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in GXO Logistics by 196.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 15,841 shares of the company’s stock worth $838,000 after buying an additional 10,500 shares during the last quarter. Pacer Advisors Inc. increased its holdings in GXO Logistics by 194.5% in the third quarter. Pacer Advisors Inc. now owns 22,256 shares of the company’s stock worth $1,177,000 after buying an additional 14,699 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC increased its holdings in GXO Logistics by 4.2% in the third quarter. Blue Zone Wealth Advisors LLC now owns 71,971 shares of the company’s stock worth $3,807,000 after buying an additional 2,906 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Price Performance

GXO stock opened at $55.09 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87. GXO Logistics has a one year low of $30.46 and a one year high of $62.48. The firm has a market capitalization of $6.31 billion, a PE ratio of 103.95, a P/E/G ratio of 2.23 and a beta of 1.64. The firm has a 50-day moving average of $52.65 and a two-hundred day moving average of $46.59.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.09 billion. GXO Logistics had a net margin of 0.50% and a return on equity of 10.45%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, analysts forecast that GXO Logistics will post 2.49 earnings per share for the current year.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.