Barclays Issues Positive Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO - Get Free Report) had its target price increased by equities researchers at Barclays from $55.00 to $60.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price indicates a potential downside of 0.63% from the stock's current price.

Other research analysts also recently issued reports about the company. UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Citigroup started coverage on GXO Logistics in a research report on Wednesday, October 9th. They issued a "buy" rating and a $60.00 target price for the company. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Susquehanna decreased their target price on GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, GXO Logistics has an average rating of "Moderate Buy" and a consensus price target of $66.92.

GXO Logistics Trading Up 0.6 %

Shares of NYSE:GXO traded up $0.38 during midday trading on Wednesday, reaching $60.38. The company's stock had a trading volume of 917,839 shares, compared to its average volume of 931,640. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 67.09, a PEG ratio of 1.81 and a beta of 1.55. 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 firm has a 50 day moving average price of $55.61 and a two-hundred day moving average price of $52.27. GXO Logistics has a fifty-two week low of $46.07 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm's revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. As a group, analysts forecast that GXO Logistics will post 2.77 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates increased its stake in GXO Logistics by 16.3% in the third quarter. Raymond James & Associates now owns 466,749 shares of the company's stock valued at $24,304,000 after acquiring an additional 65,534 shares during the last quarter. Swedbank AB grew its stake in shares of GXO Logistics by 15.9% during the second quarter. Swedbank AB now owns 1,825,000 shares of the company's stock valued at $92,162,000 after buying an additional 250,000 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of GXO Logistics by 269.1% during the second quarter. Harbor Capital Advisors Inc. now owns 22,928 shares of the company's stock valued at $1,158,000 after buying an additional 16,716 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of GXO Logistics during the third quarter valued at about $6,819,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of GXO Logistics by 537.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 137,732 shares of the company's stock valued at $6,955,000 after buying an additional 116,125 shares during the last quarter. 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.