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

GXO Logistics, Inc. (NYSE:GXO) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $56.00.

Several analysts recently weighed in on GXO shares. The Goldman Sachs Group reduced their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 price target on the stock. UBS Group dropped their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Truist Financial initiated coverage on shares of GXO Logistics in a research note on Thursday, March 13th. They set a “hold” rating and a $40.00 target price on the stock.

GXO Logistics Price Performance

Shares of NYSE:GXO opened at $34.23 on Friday. The firm has a 50 day moving average of $40.61 and a 200-day moving average of $48.42. GXO Logistics has a 12 month low of $32.70 and a 12 month high of $63.33. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $4.09 billion, a PE ratio of 30.57, a PEG ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. On average, equities research analysts predict that GXO Logistics will post 2.49 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in GXO Logistics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after acquiring an additional 212,254 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of GXO Logistics by 3.8% in the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock valued at $183,924,000 after purchasing an additional 153,522 shares during the last quarter. State Street Corp boosted its stake in shares of GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock valued at $189,083,000 after purchasing an additional 66,232 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in GXO Logistics by 28,112.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock valued at $114,036,000 after buying an additional 2,612,223 shares during the period. 90.67% of the stock is currently owned by institutional investors.

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.