GXO Logistics (NYSE:GXO) Stock Price Target Raised at Oppenheimer

GXO Logistics (NYSE:GXO) had its price target hoisted by Oppenheimer from $61.00 to $65.00 in a research note issued to investors on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts have also issued reports on GXO. The Goldman Sachs Group upgraded shares of GXO Logistics from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, October 14th. Truist Financial dropped their price target 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. Wells Fargo & Company assumed coverage on shares of GXO Logistics in a report on Tuesday, July 28th. They set an “overweight” rating and a $18.00 price target on the stock. Citigroup assumed coverage on shares of GXO Logistics in a research report on Wednesday, July 15th. They issued a “market outperform” rating for the company. Finally, Weiss Ratings upgraded shares of GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

GXO Logistics Stock Down 2.9%

Shares of NYSE:GXO opened at $55.30 on Thursday. The business’s 50 day moving average is $47.42 and its 200 day moving average is $51.77. GXO Logistics has a 12-month low of $43.61 and a 12-month high of $66.85. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 46.86, a PEG ratio of 1.78 and a beta of 1.52. The company has a quick ratio of 0.79, a current ratio of 0.76 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. GXO Logistics had a return on equity of 10.91% and a net margin of 0.98%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the firm posted $0.79 EPS. GXO Logistics’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that GXO Logistics will post 3.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont bought a new position in GXO Logistics during the second quarter valued at $37,000. Integrated Wealth Concepts LLC purchased a new stake in GXO Logistics in the second quarter worth $48,000. Nykredit A S bought a new stake in shares of GXO Logistics in the second quarter valued at $73,000. Covestor Ltd raised its stake in shares of GXO Logistics by 230.6% in the third quarter. Covestor Ltd now owns 1,792 shares of the company’s stock valued at $80,000 after buying an additional 1,250 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of GXO Logistics by 14.3% in the third quarter. GAMMA Investing LLC now owns 1,841 shares of the company’s stock valued at $82,000 after buying an additional 231 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Key Headlines Impacting GXO Logistics

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

• Positive Sentiment: GXO earned $0.89 per share, above the $0.86 consensus, and revenue of about $3.59 billion also topped estimates. Revenue rose 5.7% year over year. Zacks Q3 earnings report
• Positive Sentiment: Management reiterated 2026 adjusted EPS guidance of $2.95–$3.15 and forecast more than $850 million in incremental revenue in 2027, supporting the growth outlook. GXO outlook report
• Positive Sentiment: CEO Patrick Kelleher sees growth accelerating and margins improving; reports also cite data-center demand and expanding AI and automation initiatives as potential drivers. Yahoo Finance CEO interview Logistics Management report
• Positive Sentiment: JPMorgan raised its target to $73 and maintained Overweight; Citi lifted its target to $66 with a Buy rating, and Oppenheimer raised its target to $65 with an Outperform rating. Read More., Read More., Read More.
• Neutral Sentiment: GXO shares moved lower despite the upbeat earnings, outlook, and analyst actions. The supplied reports do not point to a specific negative catalyst for the move.

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.