GXO Logistics (NYSE:GXO) Reaches New 12-Month High - Should You Buy?

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $63.50 and last traded at $63.50, with a volume of 1814 shares changing hands. The stock had previously closed at $60.42.

Analysts Set New Price Targets

Several analysts have weighed in on GXO shares. JPMorgan Chase & Co. boosted their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 9th. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a "buy" rating and a $60.00 price objective for the company. UBS Group decreased their target price on GXO Logistics from $71.00 to $66.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Finally, Susquehanna dropped their price target on GXO Logistics from $75.00 to $73.00 and set a "positive" rating on the stock in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, GXO Logistics currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.91.

GXO Logistics Trading Up 2.5 %

The firm has a market capitalization of $7.40 billion, a P/E ratio of 51.13, a PEG ratio of 1.81 and a beta of 1.59. The business's 50 day moving average is $53.29 and its two-hundred day moving average is $51.50. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.02). The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The company's revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Analysts expect that GXO Logistics, Inc. will post 2.78 EPS for the current year.

Institutional Trading of GXO Logistics

Large investors have recently added to or reduced their stakes in the business. Mathes Company Inc. increased its stake in GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock worth $1,326,000 after purchasing an additional 175 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company's stock valued at $73,000 after acquiring an additional 195 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock valued at $160,000 after acquiring an additional 220 shares in the last quarter. CWM LLC boosted its stake in GXO Logistics by 13.8% in the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock worth $102,000 after purchasing an additional 238 shares during the period. Finally, Signaturefd LLC grew its position in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares in the last quarter. 90.67% of the stock is currently owned by 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.