Susquehanna Boosts GXO Logistics (NYSE:GXO) Price Target to $58.00

GXO Logistics (NYSE:GXO) had its price objective raised by equities research analysts at Susquehanna from $57.00 to $58.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price points to a potential upside of 19.49% from the company’s current price.

A number of other analysts have also weighed in on the company. Wells Fargo & Company increased their target price on GXO Logistics from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial cut their price target on shares of GXO Logistics from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Citigroup lowered their price objective on shares of GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus raised their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics in a research note on Friday, March 7th. They set a “hold” rating and a $45.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.86.

GXO Logistics Trading Down 1.1%

Shares of GXO stock traded down $0.56 during trading hours on Tuesday, reaching $48.54. 1,308,267 shares of the stock were exchanged, compared to its average volume of 1,320,220. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 78.29, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. GXO Logistics has a 12-month low of $30.46 and a 12-month high of $63.33. The company’s 50-day moving average price is $39.83 and its 200-day moving average price is $40.97. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.88.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, equities analysts anticipate that GXO Logistics will post 2.49 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in GXO Logistics by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,671 shares of the company’s stock valued at $1,508,000 after buying an additional 281 shares during the last quarter. State of Michigan Retirement System grew its position in GXO Logistics by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 28,627 shares of the company’s stock worth $1,119,000 after purchasing an additional 300 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in GXO Logistics by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company’s stock valued at $1,309,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after buying an additional 302 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of GXO Logistics by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company’s stock worth $2,245,000 after buying an additional 330 shares during the period. 90.67% of the stock is currently owned by institutional investors.

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.