GXO Logistics (NYSE:GXO) Stock Gets Price Target Boost from Susquehanna

GXO Logistics (NYSE:GXO) had its target price lifted by research analysts at Susquehanna from $60.00 to $66.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna‘s target price would indicate a potential upside of 19.48% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Citigroup lifted their price objective on GXO Logistics from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen increased their target price on GXO Logistics from $69.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial cut their target price on GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Citizens Jmp assumed coverage on GXO Logistics in a report on Wednesday, July 15th. They set a “market perform” rating and a $80.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on GXO Logistics from $61.00 to $66.00 and gave the company a “buy” rating in a report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average price target of $65.57.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $55.24 on Friday. The company has a 50 day simple moving average of $47.57 and a two-hundred day simple moving average of $51.77. GXO Logistics has a fifty-two week low of $43.61 and a fifty-two week high of $66.85. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 46.81, a P/E/G ratio of 1.72 and a beta of 1.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.76.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.54 billion. GXO Logistics had a return on equity of 10.91% and a net margin of 0.98%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. Analysts expect that GXO Logistics will post 3.08 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of GXO Logistics by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,719 shares of the company’s stock valued at $121,000 after acquiring an additional 196 shares during the period. GAMMA Investing LLC raised its stake in GXO Logistics by 14.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock worth $82,000 after acquiring an additional 231 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in GXO Logistics by 9.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,849 shares of the company’s stock worth $127,000 after acquiring an additional 245 shares during the period. Hsbc Holdings PLC lifted its position in GXO Logistics by 3.0% during the 1st quarter. Hsbc Holdings PLC now owns 11,953 shares of the company’s stock worth $620,000 after acquiring an additional 352 shares during the period. Finally, State of Michigan Retirement System lifted its position in GXO Logistics by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 27,527 shares of the company’s stock worth $1,427,000 after acquiring an additional 500 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics News Roundup

Here are the key news stories impacting GXO Logistics this week:

• Positive Sentiment: Broad analyst optimism: JPMorgan raised its target to $73 and maintained an overweight rating; UBS lifted its target to $69 with a buy rating; Susquehanna raised its target to $66 and assigned a positive rating. Citigroup and Oppenheimer also raised their targets, to $66 and $65, respectively, with buy/outperform ratings. JPMorgan rating UBS rating Susquehanna rating Citigroup rating Oppenheimer rating
• Positive Sentiment: Quarterly results beat estimates: GXO reported Q3 earnings of $0.89 per share versus the $0.86 consensus and revenue of $3.59 billion versus $3.54 billion expected. Revenue grew 5.7% year over year. Coverage also noted expanded AI and automation initiatives. GXO Q3 growth and automation
• Positive Sentiment: Improving outlook: GXO’s CEO sees growth accelerating and a margin inflection ahead, signaling potential operating improvement that may support future earnings. CEO outlook

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.