GXO Logistics (NYSE:GXO) Shares Gap Up After Analyst Upgrade
Other equities research analysts also recently issued reports about the company. Citigroup decreased their price objective on GXO Logistics from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 price objective on the stock. Finally, Truist Financial decreased their price objective on GXO Logistics from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.86.
Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in shares of GXO Logistics by 2,460.7% in the 1st quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock worth $28,000 after acquiring an additional 689 shares in the last quarter. GAMMA Investing LLC raised its position in GXO Logistics by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after purchasing an additional 302 shares during the last quarter. Golden State Wealth Management LLC bought a new position in GXO Logistics in the 1st quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. raised its position in GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock worth $37,000 after purchasing an additional 396 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in GXO Logistics in the 4th quarter worth approximately $41,000. 90.67% of the stock is owned by institutional investors and hedge funds.
The stock has a market cap of $5.50 billion, a P/E ratio of 77.46, a PEG ratio of 2.28 and a beta of 1.59. The firm’s 50-day moving average is $39.54 and its two-hundred day moving average is $41.04. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78.
GXO Logistics (NYSE:GXO – Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.
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.
- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.
