Analysts Set GXO Logistics, Inc. (NYSE:GXO) PT at $68.75

Shares of GXO Logistics, Inc. (NYSE:GXO) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $69.1667.

GXO has been the subject of a number of research analyst reports. Susquehanna restated a “positive” rating and set a $82.00 target price on shares of GXO Logistics in a report on Thursday, February 12th. Truist Financial increased their price target on shares of GXO Logistics from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Oppenheimer restated an “outperform” rating and issued a $70.00 price objective on shares of GXO Logistics in a report on Thursday, February 12th. JPMorgan Chase & Co. upped their target price on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Stifel Nicolaus set a $70.00 price target on shares of GXO Logistics in a research report on Thursday, February 12th.

Insider Activity

In other GXO Logistics news, Director Todd C. Cooper acquired 6,000 shares of the stock in a transaction dated Friday, November 28th. The stock was acquired at an average cost of $50.59 per share, with a total value of $303,540.00. Following the transaction, the director owned 10,040 shares in the company, valued at $507,923.60. The trade was a 148.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On GXO Logistics

Several large investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of GXO Logistics by 15.1% during the third quarter. Principal Financial Group Inc. now owns 404,878 shares of the company’s stock valued at $21,414,000 after purchasing an additional 52,979 shares during the period. New York State Common Retirement Fund increased its stake in GXO Logistics by 22.0% in the third quarter. New York State Common Retirement Fund now owns 259,492 shares of the company’s stock valued at $13,725,000 after purchasing an additional 46,853 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in GXO Logistics during the 3rd quarter worth approximately $795,000. William Blair Investment Management LLC boosted its position in shares of GXO Logistics by 52.3% in the 2nd quarter. William Blair Investment Management LLC now owns 530,999 shares of the company’s stock worth $25,860,000 after buying an additional 182,338 shares in the last quarter. Finally, Ethic Inc. raised its position in shares of GXO Logistics by 147.5% in the second quarter. Ethic Inc. now owns 15,258 shares of the company’s stock valued at $748,000 after buying an additional 9,094 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Stock Down 1.2%

Shares of GXO opened at $64.62 on Tuesday. The company’s 50-day moving average price is $56.92 and its 200 day moving average price is $53.75. GXO Logistics has a 12-month low of $30.46 and a 12-month high of $66.85. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.40 billion, a P/E ratio of 215.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.65.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period last year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that GXO Logistics will post 2.49 earnings per share for the current year.

GXO Logistics Company Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.