How to Buy Gxo Logistics Stock
Gxo Logistics Inc
Gxo Logistics is a logistic company located in Connecticut, United States, which is part of the Industrials sector, and is traded under the ticker GXO on the NYSE exchange.
Gxo Logistics stock last closed at $51.43, up 2.31% from the previous day, and has decreased 3.33% in one year. It has overperformed other stocks in the Integrated Freight & Logistics industry by 0.07 percentage points. Gxo Logistics stock is currently +6.9% from its 52-week low of $48.11, and -23.89% from its 52-week high of $67.57.
As of May 6, 2024, there are 119.26M shares of GXO outstanding. The market capitalization of GXO is $6.13B. In the last 24 hours, 665,855 GXO shares were traded.
How to Buy Gxo Logistics Stock
Wondering how to invest in Gxo Logistics stock? Here's how.
- Decide where to buy Gxo Logistics stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Gxo Logistics stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your method of payment and add your details.
- Evaluate Gxo Logistics stock: The Gxo Logistics ticker symbol is GXO. Is Gxo Logistics stock a good investment? Should you buy shares of GXO? How do GXO's underlying business fundamentals look? Do top analysts think Gxo Logistics is a good buy? Why has GXO's stock price moved recently? (Hint: Our stock research tools can help you evaluate if GXO is a good stock to buy).
- Place your GXO buy order: Decide if you will purchase GXO shares at the current market price or use a limit order to purchase GXO shares at a particular price.
- Watch your GXO investment: Create a watchlist to important notifications about your investment in Gxo Logistics stock.
Step 1: Decide where to buy Gxo Logistics stock
You will need a brokerage account in order to access the NYSE market and buy GXO stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
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Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you are able to buy GXO today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on the best investment app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of depositing money into your investment account.
Step 4: Evaluate Gxo Logistics stock
After you have identified the best place to buy Gxo Logistics stock, it's crucial to research their stock prior to investing, so you actually understand the risk as well as the opportunity.
Gxo Logistics Numbers
Fundamentals of Gxo Logistics
WallStreetZen was built to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on GXO's stock page.
How is GXO stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge GXO's fair value.
Using relative valuations ratios:
- GXO may be overvalued based on its P/E ratio of 26.65x, relative to Integrated Freight & Logistics industry P/E ratio of 20.06x
- GXO could be undervalued based on its P/B ratio of 2.11x, relative to Integrated Freight & Logistics industry P/B ratio of 4.04x
- GXO may be undervalued based on its PEG ratio of 0.54x
You can access additional valuation analysis on GXO's stock here.
GXO Financial Health Overview
Positive Financial Indicators:
- GXO earnings of $315.00M is not sufficient to cover its interest payments.
- GXO profit margin has gone up from 2.2% to 2.3% in the past year.
Negative Financial Indicators:
- There are more short-term liabilities than short-term assets on the GXO balance sheet.
- There are more long-term liabilities than short-term assets on the GXO balance sheet.
- GXO's operating cash flow of $558.00M allows it to safely service it's debt of $4.09B.
- GXO has a relatively high debt to equity ratio of 2.25.
Do Wall Street analysts think it's a good time to buy Gxo Logistics stock
Out of 11 sell side analysts who research GXO, the consensus analyst rating on GXO is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent GXO Analyst Forecasts
Christian Wetherbee, a top 6% analyst from Citigroup maintains GXO with a strong buy rating and lowers their GXO price target from $66.00 to $64.00, on Feb 15, 2024.
J. Bruce Chan, a bottom 8% analyst from Stifel Nicolaus maintains GXO with a strong buy rating and raises their GXO price target from $69.00 to $75.00, on Jan 10, 2024.
Scott Schneeberger, a top 19% analyst from Oppenheimer maintains GXO with a buy rating and lowers their GXO price target from $76.00 to $66.00, on Nov 13, 2023.
Ravi Shanker, a bottom 2% analyst from Morgan Stanley maintains GXO with a strong buy rating and lowers their GXO price target from $78.00 to $75.00, on Nov 10, 2023.
Thomas Wadewitz, a top 11% analyst from UBS maintains GXO with a strong buy rating and lowers their GXO price target from $74.00 to $71.00, on Nov 9, 2023.
You can dive deeper into what analysts are saying on the Gxo Logistics stock forecast page.
GXO Trading Indicators
How are GXO Revenues/Earnings doing?
Last year, GXO earnings were $229.00M. Over the last four year, GXO's earnings have grown by 38.8% per year. This was faster than the Integrated Freight & Logistics industry average of 6.02%.
Last year, GXO revenue was $9.78B. In the last 5 year, GXO's revenue has gone up by 10.02% per year. This was faster than the Integrated Freight & Logistics industry average of 5.59%.
Learn more about GXO's earnings and revenue performance here.
What are GXO insiders up to?
In the past 12 months, executives and large shareholders at GXO have sold more shares than they have bought.
Paul Blanchett, Chief Accounting Officer of GXO, was the latest GXO insider to sell. They sold $25,966.08 worth of GXO shares on Apr 1, 2024.
Learn more about who owns GXO shares here.
Does GXO stock generate passive income?
No, Gxo Logistics doesn't provide an income stream by paying out dividends.
What do other investors have to say about GXO?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your GXO buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and your broker will place your order.
If you require additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your GXO investment
Now that you own some shares in GXO, you'll want to keep up with your company.
Put GXO on a watchlist to track the most important metrics related to your GXO stock.
GXO Feed
How to Buy Stock in Gxo Logistics
To summarize, here are the 6 steps you need to take to buy Gxo Logistics stock right now:
- Decide where to buy Gxo Logistics stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Gxo Logistics stock
- Place your GXO buy order
- Watch your GXO investment
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Gxo Logistics, create your watchlist below.
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