GXO Logistics, Inc. (NYSE:GXO) receives an average price target of $67.45 from analysts

Shares of GXO Logistics, Inc. (NYSE:GXO – Get Your Free Report ) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $67.45.

Several equities research analysts have recently issued reports on GXO shares. UBS Group cut their price target 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. TD Cowen boosted their price target on GXO Logistics from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Wells Fargo & Company began coverage on GXO Logistics in a research note on Friday, June 7th. They issued an “overweight” rating and a $58.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $70.00 target price on shares of GXO Logistics in a research note on Tuesday, May 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $74.00 target price on shares of GXO Logistics in a research note on Wednesday, May 15th.

Get the latest stock report on GXO

GXO Logistics price performance

Shares of GXO Logistics opened at $48.20 on Friday. GXO Logistics has a 12-month low of $46.07 and a 12-month high of $65.48. The stock’s 50-day moving average is $50.50 and its 200-day moving average is $51.19. The company has a current ratio of 0.94, a quick ratio of 0.94, and a debt-to-equity ratio of 0.52. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.63 and a beta of 1.60.

GXO Logistics (NYSE:GXO – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported $0.55 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 analyst estimates of $2.73 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. GXO Logistics’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company posted EPS of $0.70. equities research analysts expect that GXO Logistics will post 2.78 EPS for the current year.

Insider trading at GXO Logistics

In related news, CEO Malcolm Wilson acquired 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the acquisition, the chief executive officer now owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Company insiders own 2.20% of the company’s shares.

Institutional trading of GXO Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of GXO. Headlands Technologies LLC purchased a new stake in GXO Logistics in the fourth quarter valued at $59,000. Mather Group LLC. increased its holdings in GXO Logistics by 170.7% in the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock valued at $60,000 after buying an additional 700 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in GXO Logistics by 920.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock valued at $64,000 after buying an additional 1,151 shares during the period. Motco boosted its holdings in GXO Logistics by 2,836.4% in the first quarter. Motco now owns 1,292 shares of the company’s stock valued at $69,000 after buying an additional 1,248 shares during the period. Finally, Smithfield Trust Co raised its holdings in GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock valued at $73,000 after buying an additional 195 shares during the period. 90.67% of the shares are currently owned by institutional investors and hedge funds.

About GXO Logistics

(Get a free report

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers warehousing and distribution, order fulfillment, e-commerce, reverse logistics and other supply chain services. As of December 31, 2023, it was operating in approximately 974 units. The company serves diverse customers in e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, FMCG and others.

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