GXO Logistics (NYSE:GXO) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of GXO Logistics (NYSE:GXO) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $18.00 target price on the stock.

A number of other brokerages have also weighed in on GXO. Barclays upgraded GXO Logistics from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $58.00 to $65.00 in a research report on Wednesday, May 27th. Truist Financial dropped their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Citizens Jmp initiated 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. Morgan Stanley lifted their price objective on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Stephens started coverage on GXO Logistics in a report on Wednesday, July 8th. They set an “overweight” rating and a $75.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target of $66.71.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $50.45 on Tuesday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 44.26, a P/E/G ratio of 1.70 and a beta of 1.55. The firm has a fifty day moving average price of $50.57 and a 200 day moving average price of $54.12. GXO Logistics has a fifty-two week low of $45.40 and a fifty-two week high of $66.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. GXO Logistics’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. As a group, sell-side analysts expect that GXO Logistics will post 3.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 329 shares during the period. Chapman Financial Group LLC bought a new stake in shares of GXO Logistics in the 2nd quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its holdings in shares of GXO Logistics by 85.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after purchasing an additional 653 shares during the period. Geneos Wealth Management Inc. raised its holdings in GXO Logistics by 4,775.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after buying an additional 1,958 shares during the period. Finally, Danske Bank A S bought a new stake in GXO Logistics in the third quarter worth $79,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Company Profile

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.