Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Price Target at $62.62

Shares of GXO Logistics, Inc. (NYSE:GXO) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $62.6154.

A number of research firms have weighed in on GXO. Stifel Nicolaus decreased their price objective on GXO Logistics from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. UBS Group boosted their price target on GXO Logistics from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Truist Financial set a $65.00 price target on GXO Logistics in a research report on Tuesday, October 14th. Susquehanna reiterated a “positive” rating and set a $64.00 price objective on shares of GXO Logistics in a research note on Thursday, November 6th. Finally, Morgan Stanley boosted their target price on shares of GXO Logistics from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, December 8th.

Insider Transactions at GXO Logistics

In other news, Director Todd C. Cooper purchased 6,000 shares of GXO Logistics stock in a transaction on Friday, November 28th. The shares were purchased 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 directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of GXO Logistics

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

GXO Logistics Trading Down 0.7%

Shares of GXO Logistics stock opened at $52.67 on Monday. GXO Logistics has a 52-week low of $30.46 and a 52-week high of $57.99. The firm has a market capitalization of $6.03 billion, a PE ratio of 69.30, a price-to-earnings-growth ratio of 2.18 and a beta of 1.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. The company’s fifty day moving average price is $52.08 and its two-hundred day moving average price is $51.56.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. On average, analysts expect that GXO Logistics will post 2.49 EPS for the current year.

GXO Logistics Company Profile

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.