GXO Logistics’ (GXO) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of GXO Logistics (NYSE:GXO) in a report issued on Friday,Benzinga reports. The brokerage currently has a $66.00 target price on the stock, down from their previous target price of $74.00.

GXO has been the subject of several other reports. Barclays decreased their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday. TD Cowen boosted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley decreased their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group boosted their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.54.

GXO Logistics Stock Performance

Shares of GXO stock opened at $39.49 on Friday. GXO Logistics has a one year low of $34.51 and a one year high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average price of $44.40 and a 200 day moving average price of $50.86. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. Sell-side analysts anticipate that GXO Logistics will post 2.73 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GXO. Kovitz Investment Group Partners LLC boosted its stake in GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after acquiring an additional 2,612,223 shares during the last quarter. Norges Bank bought a new position in GXO Logistics during the 4th quarter valued at $55,266,000. Vaughan Nelson Investment Management L.P. bought a new position in GXO Logistics during the 4th quarter valued at $47,626,000. River Road Asset Management LLC boosted its stake in GXO Logistics by 53.5% during the 4th quarter. River Road Asset Management LLC now owns 2,008,168 shares of the company’s stock valued at $87,355,000 after acquiring an additional 699,636 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. bought a new position in GXO Logistics during the 3rd quarter valued at $32,434,000. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Company Profile

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.