GXO Logistics (NYSE:GXO) Price Target Lowered to $70.00 at Stifel Nicolaus

GXO Logistics (NYSE:GXO) had its target price cut by investment analysts at Stifel Nicolaus from $71.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 41.00% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Morgan Stanley increased their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Wells Fargo & Company decreased their price objective on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Stephens assumed coverage on GXO Logistics in a research note on Wednesday, July 8th. They set an “overweight” rating and a $75.00 target price for the company. Finally, Citigroup began coverage on GXO Logistics in a research report on Wednesday. They issued a “market outperform” rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.46.

GXO Logistics Trading Up 1.3%

Shares of GXO stock opened at $49.65 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics has a twelve month low of $45.40 and a twelve month high of $66.85. The company’s 50-day moving average price is $49.65 and its 200-day moving average price is $54.24. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 1.62 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same period last year, the business earned $0.29 earnings per share. GXO Logistics’s revenue was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, equities analysts predict that GXO Logistics will post 3.07 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Several large investors have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in GXO Logistics by 175.0% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 329 shares during the last quarter. Chapman Financial Group LLC acquired a new position in GXO Logistics during the second quarter worth $34,000. Farther Finance Advisors LLC boosted its position in shares of GXO Logistics by 85.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after buying an additional 653 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after buying an additional 1,958 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of GXO Logistics in the third quarter valued at $79,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

About GXO Logistics

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.