GXO Logistics (NYSE:GXO) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of GXO Logistics (NYSE:GXO) in a research report report published on Friday,Benzinga reports. The brokerage currently has a $66.00 price target on the stock, down from their prior price target of $74.00.

Other research analysts also recently issued research reports about the company. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Oppenheimer increased their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group increased their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley dropped their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.54.

GXO Logistics Stock Up 8.8 %

Shares of NYSE:GXO opened at $39.49 on Friday. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The company’s fifty day moving average is $44.40 and its two-hundred day moving average is $50.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. Equities analysts anticipate that GXO Logistics will post 2.73 EPS for the current year.

Institutional Investors Weigh In On GXO Logistics

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its position in GXO Logistics by 95.8% during the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after purchasing an additional 37,197 shares during the period. Douglas Lane & Associates LLC boosted its position in shares of GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after acquiring an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of GXO Logistics by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock valued at $26,153,000 after acquiring an additional 12,208 shares during the period. Tidal Investments LLC bought a new stake in shares of GXO Logistics in the third quarter valued at approximately $667,000. Finally, Barclays PLC boosted its position in shares of GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after acquiring an additional 14,020 shares during the period. Institutional investors own 90.67% of the company’s stock.

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.