Citigroup Issues Positive Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its price objective upped by Citigroup from $65.00 to $66.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms have also weighed in on GXO. The Goldman Sachs Group raised GXO Logistics from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Wednesday, October 14th. Stifel Nicolaus cut their target price on GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Truist Financial reduced their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Citizens Jmp initiated coverage on shares of GXO Logistics in a research report on Wednesday, July 15th. They set a “market perform” rating and a $80.00 price target on the stock. Finally, Susquehanna set a $72.00 price target on shares of GXO Logistics in a research report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

GXO Logistics Trading Down 2.9%

Shares of GXO Logistics stock opened at $55.30 on Thursday. The stock has a market cap of $6.34 billion, a P/E ratio of 46.86, a P/E/G ratio of 1.78 and a beta of 1.52. The stock’s 50 day simple moving average is $47.42 and its 200-day simple moving average is $51.77. GXO Logistics has a 1-year low of $43.61 and a 1-year high of $66.85. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.76 and a quick ratio of 0.79.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. GXO Logistics had a return on equity of 10.91% and a net margin of 0.98%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. Analysts predict that GXO Logistics will post 3.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont purchased a new position in GXO Logistics in the second quarter worth approximately $37,000. Integrated Wealth Concepts LLC purchased a new stake in GXO Logistics in the second quarter valued at $48,000. Nykredit A S purchased a new stake in GXO Logistics in the second quarter valued at $73,000. Covestor Ltd raised its position in GXO Logistics by 230.6% in the third quarter. Covestor Ltd now owns 1,792 shares of the company’s stock valued at $80,000 after purchasing an additional 1,250 shares during the period. Finally, GAMMA Investing LLC raised its position in GXO Logistics by 14.3% in the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock valued at $82,000 after purchasing an additional 231 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Key GXO Logistics News

Here are the key news stories impacting GXO Logistics this week:

• Positive Sentiment: GXO earned $0.89 per share, above the $0.86 consensus, and revenue of about $3.59 billion also topped estimates. Revenue rose 5.7% year over year. Zacks Q3 earnings report
• Positive Sentiment: Management reiterated 2026 adjusted EPS guidance of $2.95–$3.15 and forecast more than $850 million in incremental revenue in 2027, supporting the growth outlook. GXO outlook report
• Positive Sentiment: CEO Patrick Kelleher sees growth accelerating and margins improving; reports also cite data-center demand and expanding AI and automation initiatives as potential drivers. Yahoo Finance CEO interview Logistics Management report
• Positive Sentiment: JPMorgan raised its target to $73 and maintained Overweight; Citi lifted its target to $66 with a Buy rating, and Oppenheimer raised its target to $65 with an Outperform rating. Read More., Read More., Read More.
• Neutral Sentiment: GXO shares moved lower despite the upbeat earnings, outlook, and analyst actions. The supplied reports do not point to a specific negative catalyst for the move.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.