Morgan Stanley Issues Positive Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its price objective increased by Morgan Stanley from $75.00 to $78.00 in a research note issued to investors on Monday morning, Marketbeat reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also weighed in on GXO. Stifel Nicolaus set a $71.00 target price on GXO Logistics in a report on Thursday, May 7th. Wells Fargo & Company cut their price objective on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Wall Street Zen downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $65.00 in a research note on Wednesday, May 27th. Finally, Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.17.

GXO Logistics Trading Down 0.6%

Shares of NYSE:GXO traded down $0.30 during trading on Monday, reaching $50.85. 10,244 shares of the company were exchanged, compared to its average volume of 1,326,051. The business’s fifty day simple moving average is $50.24 and its 200-day simple moving average is $54.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. GXO Logistics has a 12-month low of $45.40 and a 12-month high of $66.85. The firm has a market capitalization of $5.85 billion, a PE ratio of 44.83, a P/E/G ratio of 1.72 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. On average, research analysts anticipate that GXO Logistics will post 3.07 EPS for the current year.

Institutional Trading of GXO Logistics

A number of large investors have recently made changes to their positions in GXO. Orbis Allan Gray Ltd lifted its position in shares of GXO Logistics by 0.3% during the 4th quarter. Orbis Allan Gray Ltd now owns 13,424,844 shares of the company’s stock worth $706,684,000 after purchasing an additional 37,035 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in GXO Logistics by 3,222,426.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock valued at $593,791,000 after purchasing an additional 11,697,409 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of GXO Logistics by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,866,867 shares of the company’s stock valued at $252,318,000 after buying an additional 371,391 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of GXO Logistics in the 4th quarter worth about $181,648,000. Finally, Alliancebernstein L.P. raised its position in GXO Logistics by 9.0% during the second quarter. Alliancebernstein L.P. now owns 2,736,892 shares of the company’s stock worth $133,287,000 after acquiring an additional 225,603 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

About GXO Logistics

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.