GXO Logistics (NYSE: GXO) released its quarterly earnings results on August 7, 2023, reporting earnings per share of $0.79. This figure aligns precisely with analysts’ consensus estimates, as noted by Zacks. The company also reported a net margin of 0.50% and a return on equity of 10.45%. In light of its performance, GXO updated its full-year 2025 guidance, now projecting earnings per share between $2.430 and $2.630.
During trading hours on the day of the announcement, shares of GXO Logistics experienced a slight decline, closing down $0.07 at $55.29. The trading volume for the day reached 1,687,286 shares, surpassing the average volume of 1,313,668. The stock’s 50-day moving average stands at $52.89, while its 200-day moving average is $48.09. GXO Logistics currently holds a market capitalization of $6.33 billion, with a price-to-earnings (P/E) ratio of 104.33, a price-to-earnings growth (PEG) ratio of 2.29, and a beta of 1.64. Over the past year, the stock has fluctuated, reaching a low of $30.46 and a high of $62.07.
Analyst Ratings and Market Response
Following the earnings report, several equity research analysts revised their ratings and price targets for GXO Logistics. Oppenheimer increased its price target from $55.00 to $62.00, maintaining an “outperform” rating. The Goldman Sachs Group upgraded its rating from “neutral” to “buy,” while raising the price target from $52.00 to $68.00. Additionally, Susquehanna adjusted its price target from $58.00 to $60.00, providing a “positive” rating. Barclays also raised its target from $45.00 to $52.00 with an “equal weight” rating. Wells Fargo & Company increased its target from $60.00 to $65.00, rating the stock as “overweight.”
Currently, eleven analysts have assigned a Buy rating, three have given a Hold rating, and one has issued a Sell rating. According to data from MarketBeat.com, GXO Logistics holds an average rating of “Moderate Buy” with an average price target of $61.57.
Institutional Investment Trends
In recent months, several institutional investors have adjusted their positions in GXO Logistics. Chapman Financial Group LLC purchased a new stake valued at approximately $34,000 during the second quarter. Geneos Wealth Management Inc. significantly increased its holdings by 4,775.6% in the first quarter, now owning 1,999 shares worth $78,000 after buying an additional 1,958 shares. Diversify Wealth Management LLC also acquired a new position valued at around $217,000 during the same period.
M&T Bank Corp and Occudo Quantitative Strategies LP entered new positions during the second quarter, valued at approximately $271,000 and $367,000, respectively. Overall, institutional investors and hedge funds collectively own 90.67% of the company’s stock.
GXO Logistics operates globally, providing a range of logistics services, including warehousing, distribution, e-commerce, and reverse logistics. As of December 31, 2023, the company managed around 974 facilities, serving various sectors, including e-commerce, retail, technology, and food and beverage. The recent earnings report and the adjustments in analyst ratings reflect GXO’s ongoing efforts to adapt to a rapidly evolving logistics landscape.
