The Goldman Sachs Group Upgrades GXO Logistics (NYSE:GXO) to “Buy”

GXO Logistics (NYSE:GXO) was upgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a $61.00 target price on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 28.02% from the stock’s current price.

GXO has been the topic of several other reports. Stephens started coverage on GXO Logistics in a report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 target price on the stock. Weiss Ratings upgraded shares of GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Susquehanna decreased their target price on shares of GXO Logistics from $62.00 to $60.00 and set a “positive” rating on the stock in a report on Friday, October 2nd. Stifel Nicolaus lowered their target price on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Wall Street Zen downgraded GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.29.

GXO Logistics Trading Up 1.0%

NYSE GXO traded up $0.47 on Wednesday, hitting $47.65. The company’s stock had a trading volume of 352,505 shares, compared to its average volume of 1,345,304. 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 has a 1-year low of $43.61 and a 1-year high of $66.85. The company’s 50-day moving average is $46.51 and its 200 day moving average is $49.82. The firm has a market cap of $5.46 billion, a PE ratio of 42.17, a PEG ratio of 1.47 and a beta of 1.57.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was up 4.3% on a year-over-year basis. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, analysts predict that GXO Logistics will post 3.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in shares of GXO Logistics during the third quarter valued at approximately $16,055,000. Retirement Planning Co of New England Inc. increased its stake in shares of GXO Logistics by 9.5% during the third quarter. Retirement Planning Co of New England Inc. now owns 18,583 shares of the company’s stock valued at $826,000 after buying an additional 1,608 shares during the period. Diversified Management Inc. purchased a new position in shares of GXO Logistics during the third quarter valued at approximately $1,372,000. GAMMA Investing LLC increased its stake in shares of GXO Logistics by 14.3% during the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock valued at $82,000 after buying an additional 231 shares during the period. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of 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 valued at $418,000 after buying an additional 4,700 shares during the period. 90.67% of the stock is currently owned by institutional investors.

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.