Oppenheimer Forecasts Strong Price Appreciation for GXO Logistics (NYSE:GXO) Stock

GXO Logistics (NYSE:GXO) had its target price raised by Oppenheimer from $61.00 to $65.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer‘s price objective would suggest a potential upside of 17.67% from the company’s previous close.

Several other equities analysts have also issued reports on GXO. Weiss Ratings upgraded GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. TD Cowen raised their price target on shares of GXO Logistics from $69.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company assumed coverage on shares of GXO Logistics in a research report on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 price objective on the stock. The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, October 14th. Finally, Susquehanna set a $72.00 target price on shares of GXO Logistics in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.57.

GXO Logistics Price Performance

Shares of NYSE:GXO traded up $0.06 on Thursday, reaching $55.24. The company’s stock had a trading volume of 1,269,269 shares, compared to its average volume of 1,000,167. The company has a 50-day simple moving average of $47.57 and a 200 day simple moving average of $51.77. GXO Logistics has a 52-week low of $43.61 and a 52-week high of $66.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $6.33 billion, a P/E ratio of 46.81, a PEG ratio of 1.63 and a beta of 1.52.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. GXO Logistics’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. As a group, equities research analysts anticipate that GXO Logistics will post 3.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GXO. Dimensional Fund Advisors LP increased its holdings in GXO Logistics by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock valued at $252,318,000 after purchasing an additional 371,391 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of GXO Logistics by 0.3% during the first quarter. Bank of New York Mellon Corp now owns 713,775 shares of the company’s stock worth $37,009,000 after buying an additional 2,441 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of GXO Logistics by 50.1% during the second quarter. Engineers Gate Manager LP now owns 644,807 shares of the company’s stock worth $32,692,000 after purchasing an additional 215,269 shares during the period. Principal Financial Group Inc. raised its holdings in GXO Logistics by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 441,282 shares of the company’s stock valued at $22,880,000 after acquiring an additional 17,884 shares in the last quarter. Finally, Rokos Capital Management LLP bought a new stake in GXO Logistics during the first quarter worth about $21,315,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Key Headlines Impacting GXO Logistics

Here are the key news stories impacting GXO Logistics this week:

• Positive Sentiment: Broad analyst optimism: JPMorgan raised its target to $73 and maintained an overweight rating; UBS lifted its target to $69 with a buy rating; Susquehanna raised its target to $66 and assigned a positive rating. Citigroup and Oppenheimer also raised their targets, to $66 and $65, respectively, with buy/outperform ratings. JPMorgan rating UBS rating Susquehanna rating Citigroup rating Oppenheimer rating
• Positive Sentiment: Quarterly results beat estimates: GXO reported Q3 earnings of $0.89 per share versus the $0.86 consensus and revenue of $3.59 billion versus $3.54 billion expected. Revenue grew 5.7% year over year. Coverage also noted expanded AI and automation initiatives. GXO Q3 growth and automation
• Positive Sentiment: Improving outlook: GXO’s CEO sees growth accelerating and a margin inflection ahead, signaling potential operating improvement that may support future earnings. CEO outlook

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.