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

GXO Logistics (NYSE:GXO) had its price target upped by Oppenheimer from $63.00 to $67.00 in a research note issued to investors on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on GXO. TD Cowen increased their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. UBS Group boosted their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. Susquehanna reduced their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research note on Thursday, September 26th. Finally, Barclays upped their target price on GXO Logistics from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

GXO Logistics Trading Down 0.2 %

NYSE GXO opened at $60.36 on Wednesday. GXO Logistics has a 12-month low of $46.07 and a 12-month high of $63.33. The company has a fifty day simple moving average of $57.45 and a two-hundred day simple moving average of $52.83. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a market cap of $7.21 billion, a P/E ratio of 67.07, a P/E/G ratio of 1.85 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last issued its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. On average, analysts forecast that GXO Logistics will post 2.77 earnings per share for the current year.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently added to or reduced their stakes in GXO. Mount Lucas Management LP grew its position in shares of GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock valued at $382,000 after purchasing an additional 173 shares during the period. Mathes Company Inc. boosted its holdings in GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock worth $1,326,000 after buying an additional 175 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in GXO Logistics by 7.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock worth $160,000 after buying an additional 220 shares during the last quarter. CWM LLC increased its stake in GXO Logistics by 13.8% during the 3rd quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after buying an additional 238 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 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.