GXO Logistics (NYSE:GXO) Stock Gets Price Target Bump from Susquehanna

GXO Logistics (NYSE:GXO – Get Free Report) had its price objective lifted by Susquehanna from $60.00 to $66.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna‘s price target suggests a potential upside of 19.36% from the company’s current price.

A number of other brokerages have also commented on GXO. Stifel Nicolaus decreased their price objective on GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Oppenheimer upped their target price on GXO Logistics from $61.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group upped their target price on GXO Logistics from $61.00 to $66.00 and gave the company a “buy” rating in a report on Thursday. Citigroup increased their price target on shares of GXO Logistics from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, TD Cowen raised their price target on shares of GXO Logistics from $69.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.57.

View Our Latest Stock Report on GXO

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $55.30 on Friday. GXO Logistics has a 12 month low of $43.61 and a 12 month high of $66.85. The company has a quick ratio of 0.79, a current ratio of 0.76 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6.34 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.52. The business has a fifty day simple moving average of $47.42 and a 200-day simple moving average of $51.77.

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

Hedge Funds Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new stake in shares of GXO Logistics during the second quarter worth $37,000. Integrated Wealth Concepts LLC acquired a new stake in GXO Logistics during the second quarter valued at $48,000. Nykredit A S acquired a new stake in GXO Logistics during the second quarter valued at $73,000. Covestor Ltd boosted its position in GXO Logistics by 230.6% during the third quarter. Covestor Ltd now owns 1,792 shares of the company’s stock valued at $80,000 after purchasing an additional 1,250 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in 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 purchasing an additional 231 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

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About GXO Logistics

(Get Free Report)

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.

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