GXO Logistics (NYSE:GXO) Shares Gap Up to $49.77

GXO Logistics, Inc. (NYSE:GXOGet Rating)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $49.77, but opened at $52.50. GXO Logistics shares last traded at $52.24, with a volume of 6,729 shares.

Wall Street Analyst Weigh In

GXO has been the topic of a number of research reports. Cowen increased their target price on shares of GXO Logistics from $64.00 to $67.00 in a report on Thursday. Citigroup lowered their price target on shares of GXO Logistics from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. JPMorgan Chase & Co. lowered their price target on shares of GXO Logistics from $83.00 to $68.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Credit Suisse Group upped their price target on shares of GXO Logistics from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley lowered their price target on shares of GXO Logistics from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.12.

GXO Logistics Stock Down 0.9 %

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.93 billion and a PE ratio of 27.77. The business’s 50 day simple moving average is $46.66 and its 200 day simple moving average is $62.32.

GXO Logistics (NYSE:GXOGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. GXO Logistics had a net margin of 2.55% and a return on equity of 12.50%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts forecast that GXO Logistics, Inc. will post 2.69 EPS for the current year.

Institutional Trading of GXO Logistics

A number of hedge funds have recently made changes to their positions in the stock. Corbett Road Capital Management LLC lifted its position in shares of GXO Logistics by 3.2% in the fourth quarter. Corbett Road Capital Management LLC now owns 4,951 shares of the company’s stock worth $450,000 after purchasing an additional 155 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of GXO Logistics by 0.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 36,110 shares of the company’s stock worth $2,577,000 after purchasing an additional 199 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of GXO Logistics by 18.8% in the first quarter. First Horizon Advisors Inc. now owns 1,276 shares of the company’s stock worth $91,000 after purchasing an additional 202 shares in the last quarter. Seelaus Asset Management LLC lifted its position in shares of GXO Logistics by 3.4% in the first quarter. Seelaus Asset Management LLC now owns 6,499 shares of the company’s stock worth $464,000 after purchasing an additional 212 shares in the last quarter. Finally, First Bank & Trust lifted its position in shares of GXO Logistics by 8.6% in the first quarter. First Bank & Trust now owns 3,261 shares of the company’s stock worth $233,000 after purchasing an additional 257 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

About GXO Logistics

(Get Rating)

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.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for GXO Logistics Daily - 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.