Morgan Stanley Boosts GXO Logistics (NYSE:GXO) Price Target to $78.00

GXO Logistics (NYSE:GXO) had its price target raised by stock analysts at Morgan Stanley from $75.00 to $78.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 49.94% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Barclays upgraded GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $65.00 in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company lowered their target price 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. Stifel Nicolaus set a $71.00 price target on GXO Logistics in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered shares of 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.17.

GXO Logistics Stock Performance

NYSE:GXO opened at $52.02 on Monday. GXO Logistics has a fifty-two week low of $45.40 and a fifty-two week high of $66.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average price of $50.35 and a 200 day moving average price of $54.37. The stock has a market capitalization of $5.98 billion, a P/E ratio of 45.64, a PEG ratio of 1.72 and a beta of 1.55.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. GXO Logistics had a return on equity of 10.55% and a net margin of 0.98%.The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period last year, the business posted $0.29 earnings per share. The company’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 research analysts forecast that GXO Logistics will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GXO. Allworth Financial LP boosted its stake in shares of GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 329 shares during the last quarter. Chapman Financial Group LLC acquired a new stake in shares of GXO Logistics during the 2nd quarter worth about $34,000. Farther Finance Advisors LLC grew its holdings in shares of GXO Logistics by 85.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,420 shares of the company’s stock worth $75,000 after buying an additional 653 shares in the last quarter. Danske Bank A S purchased a new position in shares of GXO Logistics during the third quarter valued at approximately $79,000. Finally, CIBC Private Wealth Group LLC boosted its position in GXO Logistics by 201.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,621 shares of the company’s stock worth $86,000 after acquiring an additional 1,083 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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.