Advertising
Showing 1 to 2 of 2 entries
  • «
  • 1
  • »
BUY
After it was spun off in August, shares soared from $60 past $90 today. It delivered a strong quarter today: beat earnings 5% and higher-than-expected sales while management raised full-year forecast.
INDUSTRIAL PRODUCTS
BUY

Splitting up a business can unlock value. GXO is the spin-off from XPO whose CEO boasts a long record of creating value when he ran United Rentals. The CEO consolidated in a highly fragmented industry by buying many companies. From 2014-2018, shares quadrupled. Then, the stock stumbled until last December 2020 when XPO did the spin-off. XPO kept the freight transportation and truck brokerage business, while spinning off the lucrative contract logistics division to make it the second-largest company in this space globally. Which one to buy? The XPO spun-off has given XPO a 73% gain since Jan. 2020. GXO has already surged from $57-79 after only a few weeks. People want a logistics stock, important to the new e-commerce economy. He likes both. XPO has more upside. GXO's warehouses give great exposure to e-commerce and logistics outsourcing, powerful long-term trends. GXO could be lowballing its forecasts and faces little competition in this space. There's still room to run here, too.

INDUSTRIAL PRODUCTS
Showing 1 to 2 of 2 entries
  • «
  • 1
  • »

GXO Logistics(GXO-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for GXO Logistics is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

GXO Logistics(GXO-N) Frequently Asked Questions

What is GXO Logistics stock symbol?

GXO Logistics is a American stock, trading under the symbol GXO-N on the New York Stock Exchange (GXO). It is usually referred to as NYSE:GXO or GXO-N

Is GXO Logistics a buy or a sell?

In the last year, 2 stock analysts published opinions about GXO-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for GXO Logistics.

Is GXO Logistics a good investment or a top pick?

GXO Logistics was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for GXO Logistics.

Why is GXO Logistics stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is GXO Logistics worth watching?

In the last year, there was no coverage of GXO Logistics published on Stockchase.

What is GXO Logistics stock price?

On 2021-11-26, GXO Logistics (GXO-N) stock closed at a price of $97.36.