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

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.00.

A number of analysts have recently commented on GXO shares. The Goldman Sachs Group dropped their price objective on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and dropped their price target for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a research note on Friday, March 7th. They issued a "hold" rating and a $45.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th.

GXO Logistics Trading Up 1.9 %

Shares of NYSE:GXO traded up $0.73 during midday trading on Friday, reaching $40.12. The company's stock had a trading volume of 1,058,421 shares, compared to its average volume of 1,175,831. The business has a 50 day moving average price of $41.00 and a 200 day moving average price of $48.62. 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 $4.80 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity 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 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Research analysts forecast that GXO Logistics will post 2.49 EPS for the current year.

Institutional Trading of GXO Logistics

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in GXO Logistics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock valued at $492,977,000 after purchasing an additional 212,254 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of GXO Logistics by 3.8% during the fourth 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 in the last quarter. State Street Corp increased its stake in shares of GXO Logistics by 1.9% in the third quarter. State Street Corp now owns 3,631,328 shares of the company's stock worth $189,083,000 after buying an additional 66,232 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in GXO Logistics by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock valued at $121,718,000 after acquiring an additional 50,682 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in GXO Logistics by 28,112.6% during the 4th 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. 90.67% of the stock is owned by hedge funds and other institutional investors.

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.