Susquehanna Cuts GXO Logistics (NYSE:GXO) Price Target to $60.00

GXO Logistics (NYSE:GXO) had its price target decreased by equities research analysts at Susquehanna from $62.00 to $60.00 in a report released on Friday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 30.54% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Truist Financial decreased their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Morgan Stanley lifted their price target on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Wells Fargo & Company began coverage on shares of GXO Logistics in a report on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 price objective on the stock. Stephens started coverage on GXO Logistics in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price objective for the company. Finally, UBS Group lowered their target price on shares of GXO Logistics from $74.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.79.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $45.96 on Friday. GXO Logistics has a fifty-two week low of $43.61 and a fifty-two week high of $66.85. The stock has a market capitalization of $5.27 billion, a P/E ratio of 40.68, a P/E/G ratio of 1.38 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50-day moving average of $47.43 and a two-hundred day moving average of $50.21.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. On average, equities research analysts predict that GXO Logistics will post 3.06 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Several large investors have recently added to or reduced their stakes in the business. Focus Partners Wealth bought a new stake in shares of GXO Logistics in the 4th quarter worth approximately $181,648,000. Norges Bank bought a new stake in GXO Logistics during the 4th quarter worth approximately $57,598,000. Milford Funds Ltd. purchased a new stake in shares of GXO Logistics in the fourth quarter worth $43,250,000. Engineers Gate Manager LP raised its holdings in shares of GXO Logistics by 139.8% in the 4th quarter. Engineers Gate Manager LP now owns 767,595 shares of the company’s stock valued at $40,406,000 after acquiring an additional 447,494 shares in the last quarter. Finally, Rokos Capital Management LLP bought a new position in shares of GXO Logistics in the 1st quarter worth $21,315,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses across a range of industries, including retail, consumer goods, technology, healthcare, food and beverage, and industrial products. Its services are designed to help customers store, move and fulfill merchandise and materials efficiently.

The company provides warehousing and distribution, order fulfillment, transportation management, reverse logistics, and value-added services such as product processing, packaging and returns management.