GXO Logistics (NYSE:GXO) Trading 8.1% Higher - Here's Why

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) shares shot up 8.1% on Friday . The stock traded as high as $39.07 and last traded at $39.25. 1,978,599 shares were traded during mid-day trading, an increase of 39% from the average session volume of 1,419,277 shares. The stock had previously closed at $36.31.

Analyst Upgrades and Downgrades

GXO has been the topic of several recent research reports. Stifel Nicolaus restated a "buy" rating and set a $66.00 target price (down previously from $74.00) on shares of GXO Logistics in a research report on Friday. TD Cowen increased their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. UBS Group lowered 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 note on Friday. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and dropped their price objective for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.54.

GXO Logistics Trading Up 1.5 %

The stock has a 50-day moving average of $44.20 and a two-hundred day moving average of $50.69. The company has a market cap of $4.78 billion, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, equities research analysts predict that GXO Logistics, Inc. will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics in the third quarter worth approximately $28,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics during the 4th quarter valued at $41,000. Summit Securities Group LLC increased its stake in shares of GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares in the last quarter. Signaturefd LLC raised its holdings in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares during the period. Finally, Hara Capital LLC purchased a new position in GXO Logistics during the third quarter valued at $50,000. 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.