Truist Financial Cuts GXO Logistics (NYSE:GXO) Price Target to $55.00

GXO Logistics (NYSE:GXO) had its price objective decreased by investment analysts at Truist Financial from $70.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 10.78% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Stephens began coverage on GXO Logistics in a research report on Wednesday, July 8th. They set an “overweight” rating and a $75.00 price target on the stock. Wall Street Zen lowered shares of GXO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. 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 report on Monday, July 6th. Stifel Nicolaus decreased their target price on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on GXO Logistics from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.07.

GXO Logistics Trading Up 1.3%

NYSE:GXO opened at $49.65 on Wednesday. The company has a 50-day moving average price of $49.65 and a 200-day moving average price of $54.24. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 43.55, a P/E/G ratio of 1.62 and a beta of 1.55. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.88. GXO Logistics has a 12 month low of $45.40 and a 12 month high of $66.85.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. GXO Logistics’s quarterly revenue was up 10.8% on a year-over-year basis. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Equities analysts predict that GXO Logistics will post 3.07 EPS for the current year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of GXO Logistics by 175.0% in the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after acquiring an additional 329 shares during the period. Chapman Financial Group LLC bought a new stake in GXO Logistics in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC raised its stake in GXO Logistics by 85.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock valued at $75,000 after buying an additional 653 shares during the last quarter. Danske Bank A S bought a new position in shares of GXO Logistics during the 3rd quarter valued at $79,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of GXO Logistics by 201.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,621 shares of the company’s stock worth $86,000 after buying an additional 1,083 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

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.