GXO Logistics, Inc. (NYSE:GXO) Receives $61.77 Consensus PT from Brokerages

by · The Cerbat Gem

Shares of GXO Logistics, Inc. (NYSE:GXO – Get Free Report) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $61.7692.

GXO has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Susquehanna reissued a “positive” rating and issued a $64.00 price objective on shares of GXO Logistics in a report on Thursday, November 6th. Wells Fargo & Company lifted their price target on GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Weiss Ratings cut shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 1st. Finally, The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $68.00 in a research note on Wednesday, September 24th.

Read Our Latest Research Report on GXO Logistics

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Todd C. Cooper purchased 6,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was bought at an average cost of $50.59 per share, for a total transaction of $303,540.00. Following the completion of the transaction, the director owned 10,040 shares in the company, valued at approximately $507,923.60. This represents a 148.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently bought and sold shares of GXO. Allworth Financial LP lifted its holdings in shares of GXO Logistics by 175.0% during the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 329 shares during the period. Accredited Wealth Management LLC lifted its holdings in shares of GXO Logistics by 1,100.0% during the third quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock worth $32,000 after purchasing an additional 550 shares during the period. Chapman Financial Group LLC bought a new stake in shares of GXO Logistics in the 2nd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in GXO Logistics by 72.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of GXO Logistics by 177.9% during the third quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock worth $41,000 after buying an additional 491 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

NYSE GXO opened at $52.56 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. GXO Logistics has a 12-month low of $30.46 and a 12-month high of $57.99. The company has a market capitalization of $6.02 billion, a PE ratio of 69.16, a price-to-earnings-growth ratio of 2.16 and a beta of 1.65. The firm’s 50 day moving average is $52.31 and its 200-day moving average is $50.10.

GXO Logistics (NYSE:GXO – Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.39 billion. GXO Logistics had a net margin of 0.69% and a return on equity of 10.45%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. Equities research analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

GXO Logistics Company Profile

(Get Free Report)

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.

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