GXO Logistics (NYSE:GXO) Now Covered by Truist Financial

Equities research analysts at Truist Financial started coverage on shares of GXO Logistics (NYSE:GXO) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $40.00 price target on the stock. Truist Financial’s price objective would indicate a potential upside of 4.19% from the stock’s current price.

Other analysts also recently issued research reports about the company. Oppenheimer decreased their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Barclays cut their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 price target for the company. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and cut their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Finally, UBS Group cut their price target on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.60.

GXO Logistics Stock Up 3.8 %

NYSE GXO opened at $38.39 on Thursday. The stock’s 50-day moving average price is $42.23 and its 200-day moving average price is $49.57. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics has a 52 week low of $34.51 and a 52 week high of $63.33. The company has a market capitalization of $4.59 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

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

Hedge Funds Weigh In On GXO Logistics

A number of large investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. grew its position in GXO Logistics by 740.0% in the 4th quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company’s stock valued at $2,730,000 after acquiring an additional 55,282 shares during the last quarter. Teza Capital Management LLC bought a new position in GXO Logistics in the 4th quarter valued at $302,000. State of Wyoming bought a new position in GXO Logistics in the 4th quarter valued at $133,000. Spruce House Investment Management LLC grew its position in GXO Logistics by 133.3% in the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock valued at $91,350,000 after acquiring an additional 1,200,000 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in GXO Logistics in the 4th quarter valued at $2,891,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Company Profile

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.