GXO Logistics (NYSE:GXO) Price Target Cut to $73.00

GXO Logistics (NYSE:GXO - Free Report) had its price target cut by Susquehanna from $75.00 to $73.00 in a research note published on Thursday morning, Benzinga reports. They currently have a positive rating on the stock.

Several other equities analysts also recently commented on GXO. Wells Fargo & Company started coverage on shares of GXO Logistics in a research note on Friday, June 7th. They issued an overweight rating and a $58.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on GXO Logistics from $61.00 to $63.00 and gave the company an overweight rating in a report on Tuesday, July 9th. Finally, UBS Group reduced their price target on GXO Logistics from $71.00 to $66.00 and set a buy rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $67.27.

GXO Logistics Trading Up 1.0 %

Shares of NYSE GXO traded up $0.51 during mid-day trading on Thursday, hitting $51.55. The stock had a trading volume of 607,154 shares, compared to its average volume of 831,609. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. GXO Logistics has a 1 year low of $46.07 and a 1 year high of $63.07. The business has a 50 day moving average price of $50.52 and a two-hundred day moving average price of $50.51. The firm has a market cap of $6.16 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.58.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, equities analysts anticipate that GXO Logistics will post 2.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GXO. Bayberry Capital Partners LP boosted its stake in GXO Logistics by 46.9% in the 4th quarter. Bayberry Capital Partners LP now owns 238,000 shares of the company's stock worth $14,556,000 after purchasing an additional 76,000 shares in the last quarter. Retirement Systems of Alabama raised its position in GXO Logistics by 6.1% in the 1st quarter. Retirement Systems of Alabama now owns 318,034 shares of the company's stock valued at $17,098,000 after purchasing an additional 18,184 shares in the last quarter. George Kaiser Family Foundation purchased a new stake in shares of GXO Logistics in the first quarter valued at approximately $1,014,000. Fort Pitt Capital Group LLC increased its stake in GXO Logistics by 60.4% during the first quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company's stock worth $99,647,000 after acquiring an additional 698,180 shares during the last quarter. Finally, Swedbank AB raised its holdings 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 worth $92,162,000 after purchasing an additional 250,000 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

About GXO Logistics

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.