GXO Logistics, Inc. (NYSE:GXO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of GXO Logistics, Inc. (NYSE:GXO) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $69.1667.

A number of brokerages have recently weighed in on GXO. Stifel Nicolaus set a $70.00 price objective on GXO Logistics in a research note on Thursday, February 12th. Wells Fargo & Company raised their target price on GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Susquehanna reaffirmed a “positive” rating and issued a $82.00 target price on shares of GXO Logistics in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th.

Insider Buying and Selling

In other GXO Logistics news, Director Todd C. Cooper purchased 6,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was bought at an average price of $50.59 per share, with a total value of $303,540.00. Following the transaction, the director directly owned 10,040 shares of the company’s stock, valued at approximately $507,923.60. This represents a 148.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of GXO Logistics

Several hedge funds have recently modified their holdings of GXO. Invesco Ltd. grew its stake in GXO Logistics by 18.8% during the 4th quarter. Invesco Ltd. now owns 420,138 shares of the company’s stock worth $22,116,000 after purchasing an additional 66,633 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of GXO Logistics by 3.0% in the 4th quarter. Corient Private Wealth LLC now owns 13,794 shares of the company’s stock valued at $726,000 after buying an additional 397 shares during the period. SummitTX Capital L.P. acquired a new position in shares of GXO Logistics during the fourth quarter worth about $332,000. Susquehanna Fundamental Investments LLC increased its stake in shares of GXO Logistics by 18.3% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 118,982 shares of the company’s stock worth $6,263,000 after buying an additional 18,443 shares during the period. Finally, Moore Capital Management LP acquired a new stake in GXO Logistics in the fourth quarter valued at approximately $11,842,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Stock Down 3.8%

Shares of GXO opened at $63.11 on Tuesday. The company’s 50-day moving average price is $57.38 and its 200 day moving average price is $54.02. 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 $7.23 billion, a P/E ratio of 210.37, a price-to-earnings-growth ratio of 2.22 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. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.48 billion. GXO Logistics had a net margin of 0.24% and a return on equity of 9.83%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. On average, sell-side analysts forecast that GXO Logistics will post 2.49 earnings per share for the current year.

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.