GXO Logistics (NYSE:GXO) Receives "Buy" Rating from Stifel Nicolaus

GXO Logistics (NYSE:GXO - Get Free Report)'s stock had its "buy" rating restated by Stifel Nicolaus in a note issued to investors on Friday,Benzinga reports. They presently have a $66.00 price target on the stock, down from their prior price target of $74.00. Stifel Nicolaus' target price would suggest a potential upside of 60.72% from the company's current price.

A number of other analysts also recently commented on the company. Morgan Stanley reduced their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday. UBS Group raised their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays reduced their price objective on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.62.

GXO Logistics Stock Performance

Shares of GXO stock traded up $1.66 during trading hours on Friday, reaching $41.07. 3,126,472 shares of the company's stock were exchanged, compared to its average volume of 1,562,244. The business has a fifty day moving average price of $44.03 and a 200-day moving average price of $50.61. The stock has a market capitalization of $4.91 billion, a P/E ratio of 45.63, a P/E/G ratio of 1.19 and a beta of 1.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics has a fifty-two week low of $34.51 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Analysts predict that GXO Logistics will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teza Capital Management LLC acquired a new stake in GXO Logistics during the 4th quarter valued at $302,000. State of Wyoming acquired a new stake in GXO Logistics during the 4th quarter valued at $133,000. Spruce House Investment Management LLC increased its holdings in GXO Logistics by 133.3% during the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock valued at $91,350,000 after purchasing an additional 1,200,000 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in GXO Logistics during the 4th quarter valued at $2,891,000. Finally, Quantinno Capital Management LP increased its holdings in GXO Logistics by 32.8% during the 4th quarter. Quantinno Capital Management LP now owns 6,901 shares of the company's stock valued at $300,000 after purchasing an additional 1,704 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

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.