GXO Logistics (NYSE:GXO) PT Raised to $80.00 at TD Cowen

GXO Logistics (NYSE:GXO) had its price objective hoisted by equities research analysts at TD Cowen from $78.00 to $80.00 in a report released on Thursday, Briefing.com reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 62.93% from the company’s current price.

Several other equities research analysts have also commented on the stock. BNP Paribas upgraded shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Wednesday, March 27th. Stifel Nicolaus increased their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. decreased their price target on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Susquehanna raised their price target on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a research note on Thursday, February 15th. Finally, Citigroup decreased their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.69.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $49.10 on Thursday. GXO Logistics has a fifty-two week low of $48.11 and a fifty-two week high of $67.57. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.11 and a beta of 1.64. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $51.18 and its 200 day simple moving average is $54.60.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. As a group, research analysts anticipate that GXO Logistics will post 2.78 earnings per share for the current fiscal year.

Insider Activity at GXO Logistics

In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale purchased a new position in shares of GXO Logistics during the 3rd quarter valued at $31,000. Headlands Technologies LLC purchased a new position in shares of GXO Logistics during the 4th quarter valued at $59,000. CWM LLC grew its position in shares of GXO Logistics by 28.1% during the 4th quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after purchasing an additional 390 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of GXO Logistics by 81.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,912 shares of the company’s stock valued at $112,000 after purchasing an additional 861 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of GXO Logistics by 16.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,988 shares of the company’s stock valued at $122,000 after purchasing an additional 287 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other 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.