GXO Logistics (NYSE:GXO) Price Target Lowered to $73.00 at Susquehanna

GXO Logistics (NYSE:GXO) had its target price decreased by Susquehanna from $75.00 to $73.00 in a research report report published on Thursday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other research analysts have also commented on GXO. Wells Fargo & Company initiated coverage on shares of GXO Logistics in a research note on Friday, June 7th. They set an overweight rating and a $58.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an overweight rating in a research note on Tuesday, July 9th. Finally, UBS Group dropped their price objective on shares of GXO Logistics from $71.00 to $66.00 and set a buy rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $67.27.

GXO Logistics Trading Up 1.2 %

GXO stock opened at $52.19 on Thursday. The firm has a fifty day moving average price of $50.44 and a 200 day moving average price of $50.55. GXO Logistics has a fifty-two week low of $46.07 and a fifty-two week high of $63.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $6.23 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 1.55 and a beta of 1.58.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). GXO Logistics had a net margin of 1.35% and a return on equity of 9.86%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate that GXO Logistics will post 2.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Large investors have recently bought and sold shares of the company. Bayberry Capital Partners LP boosted its position in GXO Logistics by 46.9% in the fourth quarter. Bayberry Capital Partners LP now owns 238,000 shares of the company’s stock valued at $14,556,000 after buying an additional 76,000 shares during the last quarter. Retirement Systems of Alabama boosted its position in GXO Logistics by 6.1% in the first quarter. Retirement Systems of Alabama now owns 318,034 shares of the company’s stock valued at $17,098,000 after buying an additional 18,184 shares during the last quarter. George Kaiser Family Foundation purchased a new stake in GXO Logistics in the first quarter valued at approximately $1,014,000. Fort Pitt Capital Group LLC boosted its position in GXO Logistics by 60.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock valued at $99,647,000 after buying an additional 698,180 shares during the last quarter. Finally, Swedbank AB boosted its position in GXO Logistics by 15.9% in the second quarter. Swedbank AB now owns 1,825,000 shares of the company’s stock valued at $92,162,000 after buying an additional 250,000 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

About GXO Logistics

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.