GXO Logistics (NYSE:GXO) Price Target Raised to $67.00

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

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

GXO Logistics Stock Down 0.2 %

GXO stock opened at $60.36 on Wednesday. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 67.07, a PEG ratio of 1.85 and a beta of 1.55. The firm has a 50-day moving average of $57.45 and a two-hundred day moving average of $52.83. GXO Logistics has a 12 month low of $46.07 and a 12 month high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

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

Institutional Trading of GXO Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale purchased a new stake in GXO Logistics during the 3rd quarter worth approximately $28,000. UMB Bank n.a. grew its stake in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares in the last quarter. Signaturefd LLC increased its position in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the period. Hara Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Company Profile

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.