GXO Logistics upgraded by Exane BNP Paribas with a new price target
$GXO
Transportation Services
Consumer Discretionary
Exane BNP Paribas upgraded GXO Logistics from Underperform to Neutral and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $60.00 | Buy | Citigroup |
| 6/7/2024 | $58.00 | Overweight | Wells Fargo |
| 4/25/2024 | $78.00 → $80.00 | Buy | TD Cowen |
| 3/27/2024 | $50.00 | Underperform → Neutral | Exane BNP Paribas |
| 2/15/2024 | $70.00 → $78.00 | Outperform | TD Cowen |
| 1/12/2024 | $72.00 → $70.00 | Outperform | TD Cowen |
| 8/22/2023 | $74.00 | Buy | UBS |
| 2/2/2023 | $40.00 | Neutral → Underperform | Exane BNP Paribas |
8-K - GXO Logistics, Inc. (0001852244) (Filer)
10-Q - GXO Logistics, Inc. (0001852244) (Filer)
8-K - GXO Logistics, Inc. (0001852244) (Filer)
SC 13G/A - GXO Logistics, Inc. (0001852244) (Subject)
SC 13G/A - GXO Logistics, Inc. (0001852244) (Subject)
SC 13G/A - GXO Logistics, Inc. (0001852244) (Subject)
GREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NASDAQ:QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (NASDAQ:BECN) to acquire all outstanding shares of Beacon for $124.25 per share in cash. The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon's 90-day unaffected volume-weighted average price of $91.02. "Our all-cash offer provides compelling value. We believe Beacon shareholders have a right to evaluate our proposal, despite the attempt by Beacon's Board of Directors to withhold it from them," said Brad Jacobs, chairman and chief executive officer of QXO.
GXO's shared transport network reduces environmental impact, urban congestion and transportation costs LONDON, U.K., Jan. 15, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, has partnered with The Perfume Shop, the UK's largest specialist fragrance retailer, to provide weekly high street deliveries to more than 200 stores through its shared transport network, helping reduce environmental impact, urban congestion and transportation costs. "We're delighted to be the partner of choice for The Perfume Shop to keep their high street stores across the UK fully stocked," said Richard Ball, Director, Shared Transport Network, GX
Strategic collaboration to enhance product availability and speed up flows and customer deliveries PARIS, France, Dec. 12, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, has announced that it has signed a contract with SAMSE Group, the second-largest French distributor of building materials and tools. This partnership is part of the SAMSE Group's strategy to optimize its supply chain. GXO will manage the Group's omnichannel logistics, from product receiving to shipment. A partnership to support SAMSE Group's ambitions "We are delighted to provide our strategic services to SAMSE, which is outsourcing its logistics for th
Third quarter revenue increased 28% year over year to a record $3.2 billion, with organic revenue growth of 3%Signed approximately $750 million in annualized revenue year to date; on track to win a record level of new business in 2024Sales pipeline increased 30% year over year to $2.4 billion and stands at a two-year highReaffirmed full-year 2024 guidance GREENWICH, Conn., Nov. 04, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced results for the third quarter 2024. Malcolm Wilson, chief executive officer of GXO, said, "We have increasing momentum in our business. In the third quarter, we delivered our highest-ever quarterly revenue of $3.2 billion, reflecting growt
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) will hold its third quarter 2024 earnings conference call and webcast on Tuesday, November 5, 2024, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Monday, November 4, 2024, and made available at that time on www.investors.gxo.com. Access information: Call toll-free from U.S./Canada: 877-407-8029 International callers: +1 201-689-8029Conference ID: 13749227Live webcast: investors.gxo.com A replay of the conference call will be available for approximately two weeks, until November 19, 2024, by calling toll-free (from U.S./Canada) 877-660-6853; internation
Second quarter revenue increased 19% year over year to a record $2.8 billion, with organic revenue growth of 2%Signed new business wins of approximately $270 million in annualized revenue during 2Q 2024Sales pipeline increased to new twelve-month high of $2.3 billionCompleted Wincanton acquisition GREENWICH, Conn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced results for the second quarter 2024. Malcolm Wilson, chief executive officer of GXO, said, "In the second quarter, GXO delivered record revenue of $2.8 billion, reflecting growth of 19% year over year, along with sequential improvement in organic revenue growth and strong free cash flow.
Citigroup initiated coverage of GXO Logistics with a rating of Buy and set a new price target of $60.00
Wells Fargo initiated coverage of GXO Logistics with a rating of Overweight and set a new price target of $58.00
TD Cowen reiterated coverage of GXO Logistics with a rating of Buy and set a new price target of $80.00 from $78.00 previously
4 - GXO Logistics, Inc. (0001852244) (Issuer)
GREENWICH, Conn., Dec. 03, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) today announced that Malcolm Wilson, chief executive officer, has informed the board of directors that he plans to retire in 2025. He will continue to lead the company during the executive search process for his successor. Brad Jacobs, chairman of the GXO Board of Directors, said, "Malcolm's countless contributions to GXO and its legacy parent XPO span nearly a decade. Under his leadership, GXO has added more than $3 billion of revenue and received global recognitions each year for innovation and workplace culture. Our incoming CEO will inherit a best-in-class management team and strong industry positioning
PARIS, France, Sept. 10, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced Emmanuel Bonnet as the company's new Vice President of Business Development in France. "We are delighted to welcome Emmanuel Bonnet to the team in France," said Vincent Ricci, Managing Director, GXO, France. "His commercial expertise will be instrumental in furthering our growth ambitions in France by winning partnerships with new and existing customers." In his role, Bonnet will lead the sales strategy in France. He will be responsible for defining and leading business development and key account management strategies in coordinati
GREENWICH, Conn., Sept. 09, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO) CEO Malcolm Wilson will join a fireside chat at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12th, beginning at 8:10 a.m. PDT. About GXO Logistics GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider and is capitalizing on the rapid growth of ecommerce and automation. GXO is committed to providing a world-class, diverse workplace for more than 130,000 team members in more than 970 facilities totaling approximately 200 million square feet. The company partners with the world's leading blue-chip companies to solve complex logist
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)