GXO Logistics (NYSE:GXO) Coverage Initiated at Citizens Jmp

Equities research analysts at Citizens Jmp initiated coverage on shares of GXO Logistics (NYSE:GXO) in a research report issued on Wednesday. The firm set a “market perform” rating and a $80.00 price target on the stock. Citizens Jmp’s price objective indicates a potential upside of 61.14% from the stock’s previous close.

A number of other equities analysts have also issued reports on GXO. Weiss Ratings lowered shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Citigroup initiated coverage on shares of GXO Logistics in a research note on Wednesday. They set a “market outperform” rating for the company. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $65.00 in a research note on Wednesday, May 27th. Stifel Nicolaus decreased their target price on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Morgan Stanley raised their price target on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.07.

GXO Logistics Stock Performance

Shares of GXO stock opened at $49.65 on Wednesday. GXO Logistics has a 1 year low of $45.40 and a 1 year high of $66.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 1.62 and a beta of 1.55. The stock’s 50-day moving average is $49.65 and its two-hundred day moving average is $54.24.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Analysts predict that GXO Logistics will post 3.07 earnings per share for the current year.

Institutional Trading of GXO Logistics

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 329 shares in the last quarter. Chapman Financial Group LLC purchased a new position in GXO Logistics during the second quarter worth about $34,000. Farther Finance Advisors LLC lifted its position in GXO Logistics by 85.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after purchasing an additional 653 shares during the period. Geneos Wealth Management Inc. boosted its holdings in GXO Logistics by 4,775.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in GXO Logistics in the 3rd quarter valued at approximately $79,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

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.