Bloomberg.com reports that the sixteen research firms following GXO Logistics, Inc. (NYSE: GXO) have given the company a rating of “Moderate Buy,” the recommendation that is most in line with the market’s general sentiment regarding the stock. Financial analysts have made nine recommendations to purchase the company, while only two have been to hold on to. The price target for the next year that has been set by brokerage firms that have published reports on the stock in the preceding year is $63.50 on average. Brokerage firms have set this price target for the stock.
Several studies that were conducted very recently and made public focused on GXO as their primary research subject. Cowen decreased their target price on shares of GXO Logistics from $67.00 to $62.00 and rated the stock with an “outperform” recommendation in a research report published on Tuesday, September 27. The “hold” rating that Deutsche Bank Aktiengesellschaft had previously assigned to GXO Logistics was upgraded to a “buy” rating in a research note published on Friday, January 13. In addition, they increased the price target they had set for the stock from $53.00 to $62.00. BNP Paribas initiated its coverage of GXO Logistics in the form of a research study on the very first Thursday of December. They have determined that the stock should reach a price of $40.00 and have given the company a ” neutral rating.” In a research note published on January 13, Jefferies Financial Group increased its “buy” rating for GXO Logistics and raised its price objective on the stock from $60.00 to $65.00. Additionally, they raised their price target on the stock from $60.00 to $65.00. Last but not least, Cowen lowered their price target for GXO Logistics from $67.00 to $62.00 while maintaining their “outperform” rating on the stock in a research note published on Tuesday, September 27.
GO stock was traded for the first time on Thursday, and the opening price per share was $52.39. The stock’s moving average over the past 50 days is $44.84, and its moving average over the past 200 days is $42.74, respectively. The debt-to-equity ratio is currently at 0.69, and both the quick and current ratios are currently at 0.99. The debt-to-equity ratio is currently at 0.69. In any given year, $90.93 represents the all-time high for GXO Logistics, while $32.10 represents the all-time low. The market capitalization of the company is currently sitting at $6.22 billion. In contrast, its price-to-earnings-growth ratio sits at 1.86, its price-to-earnings ratio sits at 29.60, and its beta stands at 1.54.
On November 8, the results of the most recent quarterly financial report for GXO Logistics, which is traded on the New York Stock Exchange under the symbol “GXO,” were made public. The company’s earnings per share (EPS) for the quarter came in at $0.75, which is $0.05 higher than the consensus estimate of $0.70 per share among industry analysts. GO Logistics had a return on equity of 12.90% and a net margin of 2.36% for the company overall.
