GXO Logistics, Inc. (NYSE:GXO) Receives $66.33 Consensus Price Target from Brokerages

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirteen research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $65.38.

Several research firms have commented on GXO. TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Citigroup started coverage on GXO Logistics in a report on Wednesday, October 9th. They set a "buy" rating and a $60.00 price objective on the stock. Barclays lowered their target price on GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 4th. The Goldman Sachs Group reduced their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Oppenheimer increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th.

GXO Logistics Price Performance

GXO traded down $0.61 on Monday, hitting $44.32. 1,317,034 shares of the company's stock traded hands, compared to its average volume of 1,300,293. The company's 50 day simple moving average is $50.85 and its 200-day simple moving average is $52.12. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics has a one year low of $41.38 and a one year high of $63.33. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 49.24, a P/E/G ratio of 1.10 and a beta of 1.60.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, research analysts anticipate that GXO Logistics will post 2.74 EPS for the current year.

Institutional Trading of GXO Logistics

Institutional investors have recently added to or reduced their stakes in the company. Eminence Capital LP bought a new position in shares of GXO Logistics during the second quarter valued at approximately $79,698,000. Spruce House Investment Management LLC increased its stake in GXO Logistics by 827.8% in the second quarter. Spruce House Investment Management LLC now owns 900,000 shares of the company's stock worth $45,450,000 after purchasing an additional 803,000 shares during the period. Global Alpha Capital Management Ltd. purchased a new stake in GXO Logistics in the third quarter worth $32,434,000. Brown Brothers Harriman & Co. lifted its position in shares of GXO Logistics by 105.0% during the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company's stock worth $50,418,000 after purchasing an additional 495,829 shares during the last quarter. Finally, River Road Asset Management LLC boosted its stake in shares of GXO Logistics by 40.4% during the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company's stock valued at $68,135,000 after purchasing an additional 376,704 shares during the period. Institutional investors own 90.67% of the company's stock.

About GXO Logistics

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.