GXO Logistics, Inc. (NYSE:GXO) Given Average Rating of "Moderate Buy" by Analysts

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $66.33.

Several equities analysts have recently weighed in on GXO shares. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They issued a "buy" rating and a $60.00 price objective on the stock. Susquehanna cut their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research report on Thursday, September 26th. Barclays decreased their target price on GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 4th. UBS Group lifted their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, November 6th.

Hedge Funds Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mount Lucas Management LP increased its stake in GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company's stock valued at $382,000 after acquiring an additional 173 shares during the last quarter. Mathes Company Inc. increased its stake in shares of GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock valued at $1,326,000 after purchasing an additional 175 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of GXO Logistics by 7.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock worth $160,000 after buying an additional 220 shares in the last quarter. CWM LLC lifted its position in shares of GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock worth $102,000 after buying an additional 238 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company's stock valued at $48,000 after buying an additional 249 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Trading Down 3.9 %

Shares of NYSE:GXO opened at $42.94 on Monday. GXO Logistics has a 52-week low of $41.38 and a 52-week high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $5.13 billion, a P/E ratio of 47.71, a price-to-earnings-growth ratio of 1.47 and a beta of 1.60. The company has a 50-day simple moving average of $51.78 and a 200 day simple moving average of $52.27.

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 analysts' consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business's revenue was up 27.8% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. Sell-side analysts forecast that GXO Logistics will post 2.76 earnings per share for the current year.

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.