Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Target Price at $67.00

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $67.00.

Several research analysts have commented on GXO shares. TD Cowen raised their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. UBS Group boosted their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Citigroup began coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They set a "buy" rating and a $60.00 price target on the stock. Susquehanna lowered their price target on shares of GXO Logistics from $75.00 to $73.00 and set a "positive" rating on the stock in a report on Thursday, September 26th. Finally, Barclays boosted their price target on shares of GXO Logistics from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the third quarter valued at about $28,000. UMB Bank n.a. raised its position in shares of GXO Logistics by 111.4% during the third quarter. UMB Bank n.a. now owns 628 shares of the company's stock valued at $33,000 after buying an additional 331 shares during the last quarter. Signaturefd LLC raised its position in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company's stock valued at $48,000 after buying an additional 249 shares during the last quarter. Hara Capital LLC acquired a new position in shares of GXO Logistics during the third quarter valued at about $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company's stock worth $54,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company's stock.

GXO Logistics Stock Performance

Shares of GXO traded up $0.47 during mid-day trading on Friday, hitting $60.47. The stock had a trading volume of 656,786 shares, compared to its average volume of 1,143,416. GXO Logistics has a fifty-two week low of $46.07 and a fifty-two week high of $63.33. The company has a market cap of $7.23 billion, a PE ratio of 67.19, a PEG ratio of 1.81 and a beta of 1.55. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The company's fifty day simple moving average is $57.06 and its two-hundred day simple moving average is $52.71.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The firm's revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities analysts expect that GXO Logistics will post 2.77 earnings per share for the current year.

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.