Blurbs

Cowen & Co. Thinks GXO Logistics’ Stock is Going to Recover

In a report released today, Jason Seidl from Cowen & Co. maintained a Buy rating on GXO Logistics (GXOResearch Report), with a price target of $64.00. The company’s shares closed last Wednesday at $44.19, close to its 52-week low of $42.84.

According to TipRanks.com, Seidl is a top 25 analyst with an average return of 25.3% and a 70.6% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Covenant Logistics Group, and Expeditors International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GXO Logistics with a $78.70 average price target, which is a 74.3% upside from current levels. In a report issued on June 27, Credit Suisse also initiated coverage with a Buy rating on the stock with a $65.00 price target.

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GXO Logistics’ market cap is currently $5.08B and has a P/E ratio of 28.83.

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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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