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

GXO Logistics (NYSE:GXO) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has a $61.00 price objective on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 33.08% from the company’s previous close.

GXO has been the subject of several other reports. Oppenheimer set a $61.00 price objective on GXO Logistics in a report on Thursday, August 6th. Stephens started coverage on GXO Logistics in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 target price for the company. UBS Group lowered their price target on GXO Logistics from $74.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Truist Financial lowered their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, Stifel Nicolaus reduced their price objective on GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.29.

GXO Logistics Stock Down 1.4%

GXO traded down $0.66 during trading on Wednesday, hitting $45.84. The company had a trading volume of 1,089,048 shares, compared to its average volume of 1,353,540. 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 0.79 and a quick ratio of 0.79. The company has a market cap of $5.26 billion, a PE ratio of 40.56, a P/E/G ratio of 1.46 and a beta of 1.57. The business has a 50-day moving average of $46.57 and a 200-day moving average of $49.89.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $3.44 billion during 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 company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, analysts forecast that GXO Logistics will post 3.05 earnings per share for the current year.

Institutional Trading of GXO Logistics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in GXO Logistics by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock worth $252,318,000 after buying an additional 371,391 shares during the period. Engineers Gate Manager LP raised its holdings in GXO Logistics by 139.8% during the fourth quarter. Engineers Gate Manager LP now owns 767,595 shares of the company’s stock worth $40,406,000 after purchasing an additional 447,494 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in GXO Logistics by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 713,775 shares of the company’s stock valued at $37,009,000 after purchasing an additional 2,441 shares in the last quarter. Encompass Capital Advisors LLC boosted its stake in GXO Logistics by 74.7% during the 4th quarter. Encompass Capital Advisors LLC now owns 698,974 shares of the company’s stock valued at $36,794,000 after purchasing an additional 298,974 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in GXO Logistics by 4.2% during the first quarter. Principal Financial Group Inc. now owns 441,282 shares of the company’s stock worth $22,880,000 after acquiring an additional 17,884 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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.