GXO Logistics (GXO) Receives a Buy from Stifel Nicolaus

In a report released on January 27, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on GXO Logistics (GXOResearch Report), with a price target of $56.00. The company’s shares closed last Friday at $51.02.

Bruce Chan covers the Industrial Goods sector, focusing on stocks such as ArcBest, CH Robinson, and Expeditors International. According to TipRanks, Bruce Chan has an average return of 1.6% and a 53.61% success rate on recommended stocks.

Currently, the analyst consensus on GXO Logistics is a Strong Buy with an average price target of $59.43, representing a 16.48% upside. In a report released on January 19, Susquehanna also maintained a Buy rating on the stock with a $62.00 price target.

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GXO market cap is currently $6.05B and has a P/E ratio of 28.75.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GXO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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