GXO Logistics (NYSE:GXO) Price Target Raised to $80.00

by · The Markets Daily

GXO Logistics (NYSE:GXO – Free Report) had its target price increased by Susquehanna from $64.00 to $80.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a positive rating on the stock.

GXO has been the topic of a number of other research reports. Truist Financial set a $65.00 target price on GXO Logistics in a report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of GXO Logistics in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. UBS Group raised their target price on shares of GXO Logistics from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $68.00 in a research note on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.38.

Read Our Latest Stock Report on GXO Logistics

GXO Logistics Trading Up 2.1%

NYSE GXO opened at $56.99 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $6.53 billion, a PE ratio of 74.99, a P/E/G ratio of 1.86 and a beta of 1.64. GXO Logistics has a one year low of $30.46 and a one year high of $57.99. The firm’s fifty day moving average is $52.16 and its two-hundred day moving average is $52.04.

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

Insiders Place Their Bets

In related news, Director Todd C. Cooper bought 6,000 shares of the company’s stock in a transaction on Friday, November 28th. The stock was bought at an average cost of $50.59 per share, with a total value of $303,540.00. Following the completion of the acquisition, the director owned 10,040 shares in the company, valued at approximately $507,923.60. This represents a 148.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On GXO Logistics

Several hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new position in shares of GXO Logistics during the 1st quarter worth $271,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in GXO Logistics by 29.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after acquiring an additional 9,134 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in GXO Logistics by 4.3% during the first quarter. Ashton Thomas Private Wealth LLC now owns 11,131 shares of the company’s stock worth $435,000 after acquiring an additional 464 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of GXO Logistics in the first quarter valued at about $307,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of GXO Logistics by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock valued at $14,741,000 after purchasing an additional 8,670 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

About GXO Logistics

(Get Free Report)

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.

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