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

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.71.

GXO has been the subject of several research analyst reports. 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 note on Friday, February 14th. The Goldman Sachs Group dropped their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Barclays decreased their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a research report on Friday. They set a "hold" rating and a $45.00 target price on the stock.

GXO Logistics Stock Performance

Shares of NYSE GXO traded down $0.19 during midday trading on Tuesday, hitting $38.19. The company's stock had a trading volume of 479,887 shares, compared to its average volume of 1,108,224. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The firm has a market cap of $4.56 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.34 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The firm's fifty day moving average price is $42.67 and its 200-day moving average price is $49.87.

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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 for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, sell-side analysts forecast that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Large investors have recently modified their holdings of the company. Jefferies Financial Group Inc. lifted its stake in shares of GXO Logistics by 740.0% in the fourth quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company's stock valued at $2,730,000 after buying an additional 55,282 shares in the last quarter. Teza Capital Management LLC bought a new position in GXO Logistics during the fourth quarter valued at $302,000. State of Wyoming purchased a new stake in GXO Logistics in the fourth quarter worth $133,000. Spruce House Investment Management LLC raised its stake in shares of 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 buying an additional 1,200,000 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in GXO Logistics in the 4th quarter valued at about $2,891,000. 90.67% of the stock is currently 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.