GXO Logistics, Inc. (NYSE:GXO) Stock Has Average Price Target of $63.93 According to Brokerages

GXO Logistics, Inc. (NYSE:GXO) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $63.79.

Several research analysts recently issued reports on the company. 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 report on Wednesday, July 15th. Morgan Stanley increased their price target on GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Wall Street Zen lowered shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Susquehanna cut their target price on GXO Logistics from $62.00 to $60.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. Finally, Wells Fargo & Company began coverage on GXO Logistics in a report on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 target price for the company.

GXO Logistics Trading Up 0.9%

NYSE:GXO opened at $46.40 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79. GXO Logistics has a one year low of $43.61 and a one year high of $66.85. The company has a market cap of $5.32 billion, a PE ratio of 41.06, a PEG ratio of 1.44 and a beta of 1.57. The firm has a 50-day moving average of $47.03 and a 200-day moving average of $50.06.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, equities research analysts expect that GXO Logistics will post 3.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moody National Bank Trust Division raised its stake in shares of GXO Logistics by 73.2% during the 3rd quarter. Moody National Bank Trust Division now owns 26,830 shares of the company’s stock worth $1,193,000 after purchasing an additional 11,335 shares during the period. WINTON GROUP Ltd grew its position in GXO Logistics by 3.1% during the second quarter. WINTON GROUP Ltd now owns 288,330 shares of the company’s stock valued at $14,618,000 after buying an additional 8,721 shares during the period. Engineers Gate Manager LP grew its position in GXO Logistics by 50.1% during the second quarter. Engineers Gate Manager LP now owns 644,807 shares of the company’s stock valued at $32,692,000 after buying an additional 215,269 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in GXO Logistics during the second quarter worth about $48,000. Finally, Nykredit A S purchased a new stake in GXO Logistics during the second quarter worth about $73,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.

The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.