GXO Logistics, Inc. (NYSE:GXO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $62.92.

Several research analysts have issued reports on GXO shares. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Barclays cut their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. The Goldman Sachs Group lowered their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. TD Cowen upped their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer lifted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th.

GXO Logistics Stock Performance

GXO Logistics stock opened at $36.44 on Friday. GXO Logistics has a 12-month low of $34.51 and a 12-month high of $63.33. The stock has a 50-day simple moving average of $44.61 and a 200 day simple moving average of $50.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, research analysts anticipate that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter valued at $28,000. UMB Bank n.a. increased its holdings in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics during the fourth quarter worth about $41,000. Summit Securities Group LLC grew its position in shares of GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after purchasing an additional 897 shares during the period. Finally, Signaturefd LLC increased its stake in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.