GXO Logistics (NYSE:GXO) PT Raised to $80.00 at TD Cowen

GXO Logistics (NYSE:GXO) had its price target hoisted by equities research analysts at TD Cowen from $78.00 to $80.00 in a research report issued on Thursday, Briefing.com reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 62.93% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Citigroup dropped their target price on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Wednesday, March 27th. JPMorgan Chase & Co. dropped their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Stifel Nicolaus increased their price target on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Loop Capital decreased their price target on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target of $69.69.

GXO Logistics Trading Down 2.1 %

NYSE:GXO opened at $49.10 on Thursday. The company’s 50 day moving average price is $51.18 and its 200-day moving average price is $54.60. GXO Logistics has a 52 week low of $48.11 and a 52 week high of $67.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.11 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that GXO Logistics will post 2.78 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the sale, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of GXO Logistics

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of GXO Logistics by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,145,865 shares of the company’s stock valued at $681,681,000 after purchasing an additional 72,764 shares during the period. Clearbridge Investments LLC increased its holdings in GXO Logistics by 2.6% in the 4th quarter. Clearbridge Investments LLC now owns 2,941,518 shares of the company’s stock valued at $179,903,000 after acquiring an additional 75,712 shares during the last quarter. FMR LLC increased its holdings in GXO Logistics by 0.4% in the 3rd quarter. FMR LLC now owns 2,173,881 shares of the company’s stock valued at $127,498,000 after acquiring an additional 8,668 shares during the last quarter. Fort Pitt Capital Group LLC increased its holdings in GXO Logistics by 60.4% in the 1st quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock valued at $99,647,000 after acquiring an additional 698,180 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in GXO Logistics by 22.6% in the 3rd quarter. Invesco Ltd. now owns 1,466,267 shares of the company’s stock valued at $85,997,000 after acquiring an additional 270,524 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

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.