GXO Logistics (NYSE:GXO) Stock Rating Raised to Buy at The Goldman Sachs Group

GXO Logistics (NYSE:GXO) was upgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a $61.00 price target on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 33.08% from the stock’s previous close.

GXO has been the subject of a number of other research reports. Truist Financial decreased their target price on shares of GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen lowered shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. UBS Group cut their price target on shares of GXO Logistics from $74.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Morgan Stanley increased their price objective on shares of GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Susquehanna decreased their price objective on GXO Logistics from $62.00 to $60.00 and set a “positive” rating for the company in a report on Friday, October 2nd. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

GXO Logistics Trading Down 1.4%

NYSE:GXO opened at $45.84 on Wednesday. The company has a market cap of $5.26 billion, a P/E ratio of 40.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.57. GXO Logistics has a twelve month low of $43.61 and a twelve month high of $66.85. The business has a 50 day moving average price of $46.54 and a two-hundred day moving average price of $49.85. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate 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 was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, analysts expect that GXO Logistics will post 3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Several large investors have recently made changes to their positions in the stock. Diversified Management Inc. acquired a new position in GXO Logistics during the third quarter worth $1,372,000. GAMMA Investing LLC raised its position in GXO Logistics by 14.3% during the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock worth $82,000 after acquiring an additional 231 shares in the last quarter. Quintet Private Bank Europe S.A. raised its position in GXO Logistics by 100.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 9,400 shares of the company’s stock worth $418,000 after acquiring an additional 4,700 shares in the last quarter. Moody National Bank Trust Division lifted its stake in GXO Logistics by 73.2% in the third quarter. Moody National Bank Trust Division now owns 26,830 shares of the company’s stock valued at $1,193,000 after acquiring an additional 11,335 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in GXO Logistics by 3.1% in the second quarter. WINTON GROUP Ltd now owns 288,330 shares of the company’s stock valued at $14,618,000 after acquiring an additional 8,721 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

About GXO Logistics

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.