GXO Logistics (NYSE:GXO) Price Target Raised to $78.00 at Morgan Stanley

GXO Logistics (NYSE:GXO) had its price target upped by investment analysts at Morgan Stanley from $75.00 to $78.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 49.94% from the stock’s previous close.

A number of other equities analysts have also weighed in on GXO. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $65.00 in a report on Wednesday, May 27th. Weiss Ratings downgraded GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Wells Fargo & Company cut their target price on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Stifel Nicolaus set a $71.00 target price on GXO Logistics in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.17.

GXO Logistics Trading Up 0.1%

NYSE GXO opened at $52.02 on Monday. GXO Logistics has a 12 month low of $45.40 and a 12 month high of $66.85. The company has a 50-day moving average of $50.35 and a 200-day moving average of $54.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $5.98 billion, a P/E ratio of 45.64, a P/E/G ratio of 1.72 and a beta of 1.55.

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

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds have recently made changes to their positions in GXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in GXO Logistics by 29.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after acquiring an additional 9,134 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of GXO Logistics by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock valued at $14,741,000 after purchasing an additional 8,670 shares during the period. Geneos Wealth Management Inc. lifted its holdings in GXO Logistics by 4,775.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after purchasing an additional 1,958 shares during the period. Hsbc Holdings PLC raised its position in shares of GXO Logistics by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock worth $622,000 after buying an additional 253 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of GXO Logistics in the 2nd quarter worth approximately $271,000. Institutional investors 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.