GXO Logistics (NYSE:GXO) Price Target Raised to $69.00

GXO Logistics (NYSE:GXO) had its price target raised by UBS Group from $64.00 to $69.00 in a research note published on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts have also weighed in on GXO. Wells Fargo & Company initiated coverage on shares of GXO Logistics in a research note on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 target price on the stock. Oppenheimer upped their price target on GXO Logistics from $61.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen increased their price target on GXO Logistics from $69.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday. Citizens Jmp assumed coverage on GXO Logistics in a research report on Wednesday, July 15th. They set a “market perform” rating and a $80.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price objective on GXO Logistics from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and an average price target of $65.57.

GXO Logistics Trading Up 0.1%

Shares of GXO opened at $55.24 on Thursday. GXO Logistics has a 52-week low of $43.61 and a 52-week high of $66.85. The stock has a market cap of $6.24 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 1.72 and a beta of 1.52. The firm’s fifty day moving average is $47.57 and its two-hundred day moving average is $51.77. 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 issued its 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. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.54 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.91%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. Research analysts forecast that GXO Logistics will post 3.08 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

Several institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in GXO Logistics by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,719 shares of the company’s stock valued at $121,000 after buying an additional 196 shares during the period. GAMMA Investing LLC lifted its position 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 buying an additional 231 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in GXO Logistics by 9.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,849 shares of the company’s stock valued at $127,000 after buying an additional 245 shares during the last quarter. Hsbc Holdings PLC lifted its position in GXO Logistics by 3.0% in the first quarter. Hsbc Holdings PLC now owns 11,953 shares of the company’s stock valued at $620,000 after buying an additional 352 shares during the last quarter. Finally, R Squared Ltd boosted its stake in GXO Logistics by 8.3% during the first quarter. R Squared Ltd now owns 4,932 shares of the company’s stock worth $256,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics News Roundup

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

• Positive Sentiment: Broad analyst optimism: JPMorgan raised its target to $73 and maintained an overweight rating; UBS lifted its target to $69 with a buy rating; Susquehanna raised its target to $66 and assigned a positive rating. Citigroup and Oppenheimer also raised their targets, to $66 and $65, respectively, with buy/outperform ratings. JPMorgan rating UBS rating Susquehanna rating Citigroup rating Oppenheimer rating
• Positive Sentiment: Quarterly results beat estimates: GXO reported Q3 earnings of $0.89 per share versus the $0.86 consensus and revenue of $3.59 billion versus $3.54 billion expected. Revenue grew 5.7% year over year. Coverage also noted expanded AI and automation initiatives. GXO Q3 growth and automation
• Positive Sentiment: Improving outlook: GXO’s CEO sees growth accelerating and a margin inflection ahead, signaling potential operating improvement that may support future earnings. CEO outlook

GXO Logistics Company Profile

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.