Wells Fargo initiated coverage on GXO Logistics with a new price target
$GXO
Transportation Services
Consumer Discretionary
Wells Fargo initiated coverage of GXO Logistics with a rating of Overweight and set a new price target of $58.00
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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 |
Analysts' ratings for GXO Logistics (NYSE:GXO) over the last quarter vary from bullish to bearish, as provided by 7 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 0 0 0 3M Ago 3 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $71.57, with a high estimate of $82.00 and a low estimate of $58.00. Experiencing a 2.96% decline, the current average is
JP Morgan analyst Brian Ossenbeck maintains GXO Logistics (NYSE:GXO) with a Overweight and raises the price target from $61 to $63.
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
4 - GXO Logistics, Inc. (0001852244) (Issuer)
SC 13G/A - GXO Logistics, Inc. (0001852244) (Subject)
SC 13G/A - GXO Logistics, Inc. (0001852244) (Subject)
SC 13G/A - GXO Logistics, Inc. (0001852244) (Subject)
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
Survey of Thousands of Consumers in the U.S., UK, France and Germany Reveals Significant Evolution of Consumer Priorities GREENWICH, Conn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today released a comprehensive report on key trends shaping the fast-growing global beauty industry, which is expected to double in revenue to $758 billion over the next decade. In a rapidly evolving consumer landscape, GXO's research analyzed current consumer behavior in the beauty industry and the forces driving it. The report, "Beauty Industry Insights 2024: A Consumer Spending Pulse Check," highlights a sig
Industry leader continues its multi-year plan to significantly expand its operations in Germany, Europe's largest logistics marketCustomers include prominent industry leaders in aerospace, food & beverage and consumer goods DORMAGEN, Germany, Oct. 30, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced its state-of-the-art 36,000 square meter multi-tenant warehouse in Dormagen near Düsseldorf is completely at full capacity an important milestone in the US company's growth strategy in Germany. "We see a long runway for growth in the German contract logistics market where demand for increased supply ch
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
After leading GXO in France, Marques returns to Spain and Portugal to drive GXO's expansionMADRID, Spain, July 15, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today announced Rui Marques will return to Spain as Managing Director of GXO Iberia to continue driving the company's expansion in Spain and Portugal.Marques, who previously held this position for more than a decade, returns to GXO Spain and Portugal after leading the company's operations in France. He rejoins Iberia to lead a team of more than 8,500 employees and the largest logistics footprint in Spain, with more than 1.5 million square meters. Marques will lea
10-Q - GXO Logistics, Inc. (0001852244) (Filer)
8-K - GXO Logistics, Inc. (0001852244) (Filer)
8-K - GXO Logistics, Inc. (0001852244) (Filer)
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)