Stephens Begins Coverage on GXO Logistics (NYSE:GXO)

Equities research analysts at Stephens started coverage on shares of GXO Logistics (NYSE:GXO) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “overweight” rating and a $75.00 price target on the stock. Stephens’ price objective indicates a potential upside of 52.90% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Morgan Stanley lifted their price objective on GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Monday. Wall Street Zen lowered shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus set a $71.00 target price on shares of GXO Logistics in a report on Thursday, May 7th. Finally, Wells Fargo & Company cut their target price on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.54.

GXO Logistics Trading Down 5.4%

Shares of NYSE GXO traded down $2.79 during trading hours on Wednesday, reaching $49.05. The stock had a trading volume of 236,219 shares, compared to its average volume of 1,323,327. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 43.15, a P/E/G ratio of 1.69 and a beta of 1.55. The business’s fifty day moving average price is $50.15 and its two-hundred day moving average price is $54.36. GXO Logistics has a 52-week low of $45.40 and a 52-week high of $66.85.

GXO Logistics (NYSE:GXO) last announced 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. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.22 billion. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.GXO Logistics’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Analysts expect that GXO Logistics will post 3.07 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in GXO Logistics by 3,222,426.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after purchasing an additional 11,697,409 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of GXO Logistics during the fourth quarter worth $181,648,000. Victory Capital Management Inc. lifted its holdings in shares of GXO Logistics by 1,168.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock valued at $62,706,000 after purchasing an additional 1,097,298 shares during the last quarter. Norges Bank purchased a new stake in shares of GXO Logistics during the 4th quarter valued at $57,598,000. Finally, Milford Funds Ltd. acquired a new stake in shares of GXO Logistics in the 4th quarter worth $43,250,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

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.