Brokerages Set GXO Logistics, Inc. (NYSE:GXO) Target Price at $56.00

GXO Logistics, Inc. (NYSE:GXO) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $56.00.

A number of brokerages have recently issued reports on GXO. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a research note on Friday, March 7th. They set a “hold” rating and a $45.00 price objective on the stock. UBS Group dropped their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Oppenheimer decreased their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley dropped their target price on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th.

GXO Logistics Stock Down 5.7 %

GXO Logistics stock opened at $34.23 on Friday. The company has a fifty day simple moving average of $40.61 and a 200 day simple moving average of $48.42. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. GXO Logistics has a 1-year low of $32.70 and a 1-year high of $63.33. The company has a market cap of $4.09 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Research analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GXO. Vanguard Group Inc. increased its position in GXO Logistics by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock worth $492,977,000 after acquiring an additional 212,254 shares during the period. Clearbridge Investments LLC increased its holdings in shares of GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after purchasing an additional 153,522 shares during the period. State Street Corp raised its position in shares of GXO Logistics by 1.9% in the third quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after buying an additional 66,232 shares in the last quarter. Dimensional Fund Advisors LP grew its position in GXO Logistics by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock worth $121,718,000 after buying an additional 50,682 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after acquiring an additional 2,612,223 shares during the period. Institutional investors own 90.67% of the company’s stock.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.