GXO Logistics (NYSE:GXO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

GXO Logistics (NYSE:GXO) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $68.00 to $73.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 32.15% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of GXO Logistics from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial lowered their target price on shares of GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings upgraded GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Oppenheimer upped their target price on GXO Logistics from $61.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stephens initiated coverage on GXO Logistics in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average price target of $65.57.

GXO Logistics Stock Up 0.1%

Shares of GXO Logistics stock traded up $0.06 during trading on Thursday, hitting $55.24. 1,269,269 shares of the stock traded hands, compared to its average volume of 1,000,167. The stock has a market cap of $6.33 billion, a P/E ratio of 46.81, a PEG ratio of 1.63 and a beta of 1.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. GXO Logistics has a twelve month low of $43.61 and a twelve month high of $66.85. The company has a fifty day moving average price of $47.57 and a two-hundred day moving average price of $51.77.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.54 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities research analysts predict that GXO Logistics will post 3.07 EPS for the current fiscal year.

Institutional Trading of GXO Logistics

Hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new stake in GXO Logistics during the second quarter worth about $37,000. Integrated Wealth Concepts LLC acquired a new position in GXO Logistics in the 2nd quarter valued at approximately $48,000. Nykredit A S acquired a new position in GXO Logistics in the 2nd quarter valued at approximately $73,000. Covestor Ltd raised its holdings in GXO Logistics by 230.6% in the 3rd quarter. Covestor Ltd now owns 1,792 shares of the company’s stock valued at $80,000 after acquiring an additional 1,250 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of GXO Logistics by 14.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock worth $82,000 after acquiring an additional 231 shares during the period. 90.67% of the stock is owned by institutional investors.

Key GXO Logistics News

Here are the key news stories impacting GXO Logistics this week:

• Positive Sentiment: Broad analyst optimism: JPMorgan raised its target to $73 and maintained an overweight rating; UBS lifted its target to $69 with a buy rating; Susquehanna raised its target to $66 and assigned a positive rating. Citigroup and Oppenheimer also raised their targets, to $66 and $65, respectively, with buy/outperform ratings. JPMorgan rating UBS rating Susquehanna rating Citigroup rating Oppenheimer rating
• Positive Sentiment: Quarterly results beat estimates: GXO reported Q3 earnings of $0.89 per share versus the $0.86 consensus and revenue of $3.59 billion versus $3.54 billion expected. Revenue grew 5.7% year over year. Coverage also noted expanded AI and automation initiatives. GXO Q3 growth and automation
• Positive Sentiment: Improving outlook: GXO’s CEO sees growth accelerating and a margin inflection ahead, signaling potential operating improvement that may support future earnings. CEO outlook

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.