Stock analysts at Wells Fargo & Company assumed coverage on shares of GXO Logistics (NYSE:GXO - Get Free Report) in a research note issued on Friday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $58.00 price target on the stock. Wells Fargo & Company's price target points to a potential upside of 17.60% from the stock's previous close.
GXO has been the subject of a number of other reports. BNP Paribas upgraded shares of GXO Logistics from an "underperform" rating to a "neutral" rating and set a $50.00 target price for the company in a research note on Wednesday, March 27th. Stifel Nicolaus reissued a "buy" rating and issued a $74.00 price target on shares of GXO Logistics in a report on Wednesday, May 15th. Morgan Stanley reissued an "overweight" rating and issued a $70.00 price target on shares of GXO Logistics in a report on Tuesday, May 14th. Susquehanna upped their target price on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a "positive" rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of GXO Logistics from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $68.85.
Read Our Latest Stock Analysis on GXO
GXO Logistics Stock Down 3.0 %
NYSE GXO traded down $1.52 during trading on Friday, reaching $49.32. 757,491 shares of the company's stock traded hands, compared to its average volume of 851,031. The company's 50 day simple moving average is $50.95 and its two-hundred day simple moving average is $54.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.94 and a quick ratio of 0.94. GXO Logistics has a 12-month low of $48.09 and a 12-month high of $67.57. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.61.
GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that GXO Logistics will post 2.77 EPS for the current fiscal year.
Institutional Trading of GXO Logistics
Several hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of GXO Logistics during the third quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in GXO Logistics in the fourth quarter valued at approximately $59,000. Motco increased its stake in GXO Logistics by 2,836.4% in the first quarter. Motco now owns 1,292 shares of the company's stock valued at $69,000 after purchasing an additional 1,248 shares during the last quarter. Smithfield Trust Co boosted its holdings in shares of GXO Logistics by 16.5% in the first quarter. Smithfield Trust Co now owns 1,378 shares of the company's stock valued at $73,000 after acquiring an additional 195 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of GXO Logistics in the first quarter valued at approximately $80,000. Institutional investors and hedge funds own 90.67% of the company's stock.
About GXO Logistics
(Get Free Report)
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.
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