Susquehanna Reiterates “Positive” Rating for GXO Logistics (NYSE:GXO)

GXO Logistics (NYSE:GXO)‘s stock had its “positive” rating restated by equities researchers at Susquehanna in a report released on Tuesday, Marketbeat reports. They presently have a $58.00 price objective on the stock, up from their previous price objective of $57.00. Susquehanna’s price target would suggest a potential upside of 21.11% from the company’s current price.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of GXO Logistics from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, June 20th. 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. Citigroup cut their price target on GXO Logistics from $51.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial reduced their price target on GXO Logistics from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.86.

GXO Logistics Price Performance

GXO stock opened at $47.89 on Tuesday. The stock’s 50 day moving average price is $40.41 and its 200 day moving average price is $41.07. The firm has a market cap of $5.48 billion, a P/E ratio of 77.24, a PEG ratio of 2.24 and a beta of 1.59. 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 has a 1 year low of $30.46 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data 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. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. GXO Logistics had a return on equity of 10.49% and a net margin of 0.61%. The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts expect that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

A number of institutional investors and hedge funds have recently made changes to their positions in GXO. Larson Financial Group LLC boosted its holdings in GXO Logistics by 2,460.7% in the first quarter. Larson Financial Group LLC now owns 717 shares of the company’s stock valued at $28,000 after acquiring an additional 689 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 period. Golden State Wealth Management LLC acquired a new position in shares of GXO Logistics in the 1st quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of GXO Logistics by 72.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 945 shares of the company’s stock valued at $37,000 after purchasing an additional 396 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of GXO Logistics during the 4th quarter worth about $41,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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.