Other analysts also recently issued research reports about the stock. BNP Paribas began coverage on shares of GXO Logistics in a research report on Thursday, December 1st. They set a neutral rating and a $40.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on GXO Logistics from $68.00 to $53.00 in a research note on Monday, November 28th. Barclays raised their price objective on GXO Logistics from $40.00 to $52.00 and gave the stock an equal weight rating in a research note on Wednesday, January 11th. Morgan Stanley upgraded GXO Logistics from an equal weight rating to an overweight rating and raised their price objective for the stock from $45.00 to $60.00 in a research note on Monday, January 9th. Finally, Jefferies Financial Group started coverage on GXO Logistics in a research note on Monday, October 24th. They set a buy rating and a $70.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $63.50.
GXO Logistics Stock Up 2.7 %
GXO stock opened at $53.26 on Friday. GXO Logistics has a twelve month low of $32.10 and a twelve month high of $91.89. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $6.32 billion, a P/E ratio of 30.09, a PEG ratio of 1.84 and a beta of 1.55. The firm has a 50 day simple moving average of $43.87 and a 200-day simple moving average of $42.54.
Insider Buying and Selling at GXO Logistics
In related news, CEO Malcolm Wilson bought 4,174 shares of the business’s stock in a transaction on Friday, November 25th. The shares were bought at an average cost of $43.97 per share, for a total transaction of $183,530.78. Following the completion of the purchase, the chief executive officer now owns 45,509 shares of the company’s stock, valued at approximately $2,001,030.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On GXO Logistics
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of GXO Logistics by 8.8% during the third quarter. Vanguard Group Inc. now owns 10,796,129 shares of the company’s stock valued at $378,512,000 after purchasing an additional 870,382 shares in the last quarter. BlackRock Inc. raised its stake in shares of GXO Logistics by 2.4% during the third quarter. BlackRock Inc. now owns 10,655,357 shares of the company’s stock valued at $373,578,000 after purchasing an additional 254,581 shares in the last quarter. Pendal Group Ltd raised its stake in shares of GXO Logistics by 87.9% during the third quarter. Pendal Group Ltd now owns 6,105,398 shares of the company’s stock valued at $214,055,000 after purchasing an additional 2,856,645 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of GXO Logistics by 8.3% during the third quarter. Neuberger Berman Group LLC now owns 4,912,126 shares of the company’s stock valued at $172,219,000 after purchasing an additional 374,743 shares in the last quarter. Finally, State Street Corp raised its stake in shares of GXO Logistics by 8.2% during the third quarter. State Street Corp now owns 3,207,405 shares of the company’s stock valued at $112,452,000 after purchasing an additional 242,249 shares in the last quarter. 99.47% of the stock is currently owned by institutional investors.
About GXO Logistics
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.
- Get a free copy of the StockNews.com research report on GXO Logistics (GXO)
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