GXO Logistics (NYSE:GXO - Get Rating) had its price objective upped by analysts at Barclays from $40.00 to $52.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Barclays's price objective suggests a potential upside of 8.49% from the stock's previous close.
Other equities research analysts have also recently issued reports about the company. Morgan Stanley upgraded GXO Logistics from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $45.00 to $60.00 in a research note on Monday. BNP Paribas initiated coverage on GXO Logistics in a research note on Thursday, December 1st. They set a "neutral" rating and a $40.00 target price for the company. Susquehanna cut their target price on GXO Logistics from $55.00 to $54.00 in a research note on Thursday, November 10th. Susquehanna Bancshares cut their target price on GXO Logistics from $55.00 to $54.00 in a research note on Thursday, November 10th. Finally, Citigroup cut their target price on GXO Logistics from $61.00 to $52.00 and set a "buy" rating for the company in a research note on Friday, October 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.33.
GXO Logistics Trading Down 1.7 %
Shares of NYSE:GXO opened at $47.93 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5.69 billion, a PE ratio of 27.08, a P/E/G ratio of 1.56 and a beta of 1.54. The business has a 50 day moving average of $42.89 and a 200-day moving average of $42.41. GXO Logistics has a 12-month low of $32.10 and a 12-month high of $91.89.
GXO Logistics (NYSE:GXO - Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.29 billion. GXO Logistics had a return on equity of 12.90% and a net margin of 2.36%. As a group, equities research analysts forecast that GXO Logistics will post 2.75 earnings per share for the current year.
Insider Activity at GXO Logistics
In related news, CEO Malcolm Wilson acquired 4,174 shares of the firm's stock in a transaction that occurred on Friday, November 25th. The stock was acquired at an average cost of $43.97 per share, for a total transaction of $183,530.78. Following the completion of the acquisition, the chief executive officer now directly owns 45,509 shares of the company's stock, valued at approximately $2,001,030.73. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is currently owned by company insiders.
Institutional Trading of GXO Logistics
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brookstone Capital Management acquired a new stake in GXO Logistics in the fourth quarter valued at $205,000. Rye Brook Capital LLC acquired a new stake in GXO Logistics in the fourth quarter valued at $982,000. Penn Capital Management Company LLC increased its holdings in GXO Logistics by 660.3% in the third quarter. Penn Capital Management Company LLC now owns 226,072 shares of the company's stock valued at $7,950,000 after purchasing an additional 196,339 shares during the period. Bank of New York Mellon Corp increased its holdings in GXO Logistics by 7.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,916 shares of the company's stock valued at $36,808,000 after purchasing an additional 77,254 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in GXO Logistics during the third quarter valued at $750,000. 99.47% 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, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.
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