In a report released today, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on GXO Logistics (GXO – Research Report), with a price target of $74.00. The company’s shares closed yesterday at $52.53.
Bruce Chan covers the Industrials sector, focusing on stocks such as FedEx, GXO Logistics, and Knight Transportation. According to TipRanks, Bruce Chan has an average return of 3.1% and a 51.63% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GXO Logistics with a $67.10 average price target, implying a 27.74% upside from current levels. In a report released yesterday, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $70.00 price target.
Based on GXO Logistics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.59 billion and a net profit of $73 million. In comparison, last year the company earned a revenue of $2.47 billion and had a net profit of $46 million
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GXO Logistics (GXO) Company Description:
GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, and reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale.
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