GXO Logistics, Inc. (NYSE:GXO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $54.57.

A number of brokerages have recently commented on GXO. Truist Financial dropped their price target on GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on GXO Logistics in a report on Friday, March 7th. They issued a "hold" rating and a $45.00 target price on the stock. Loop Capital downgraded GXO Logistics from a "buy" rating to a "hold" rating and reduced their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Citigroup lowered their price target on GXO Logistics from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th.

GXO Logistics Stock Down 1.9 %

Shares of NYSE GXO traded down $0.70 during mid-day trading on Wednesday, hitting $35.78. 1,091,269 shares of the stock traded hands, compared to its average volume of 1,235,604. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 1.34 and a beta of 1.56. The stock has a fifty day moving average price of $37.53 and a 200-day moving average price of $46.46. GXO Logistics has a 52 week low of $30.46 and a 52 week high of $63.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Research analysts anticipate that GXO Logistics will post 2.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GXO. Vanguard Group Inc. grew its position in GXO Logistics by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock worth $492,977,000 after purchasing an additional 212,254 shares during the period. Clearbridge Investments LLC boosted its stake in shares of GXO Logistics by 3.8% in the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after buying an additional 153,522 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of GXO Logistics by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock worth $121,718,000 after acquiring an additional 50,682 shares during the period. Kovitz Investment Group Partners LLC increased its position in GXO Logistics by 28,112.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock valued at $114,036,000 after acquiring an additional 2,612,223 shares during the last quarter. Finally, Spruce House Investment Management LLC lifted its holdings in GXO Logistics by 133.3% in the fourth quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company's stock valued at $91,350,000 after acquiring an additional 1,200,000 shares during the period. Institutional investors own 90.67% of the company's stock.

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.