Is GXO logistics a good stock to buy?

Is GXO logistics a good stock to buy?

Out of 13 analysts, 8 (61.54%) are recommending GXO as a Strong Buy, 2 (15.38%) are recommending GXO as a Buy, 3 (23.08%) are recommending GXO as a Hold, 0 (0%) are recommending GXO as a Sell, and 0 (0%) are recommending GXO as a Strong Sell. What is GXO’s earnings growth forecast for 2022-2024?

What sector is GXO?

GXO Logistics, Inc., together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services.

Why did xpo and GXO split?

1. GXO will be the biggest pure-play logistics company in the world. With several different businesses under its umbrella, XPO CEO Brad Jacobs believed that XPO’s current combined structure made the transportation stock difficult to value because the company had no true peers. The separation takes care of that problem.

Is xpo going to split?

XPO Logistics Inc. plans to split its freight brokerage and North American trucking operations into two publicly traded companies, a full-scale breakup that comes after it separated its contract logistics business last year.

Is GXO American?

GXO Logistics (trade name GXO) is an American global contract logistics company that manages outsourced supply chains and warehousing. GXO’s corporate headquarters are located in Greenwich, Connecticut, U.S. GXO Logistics, Inc. Greenwich, Connecticut, U.S.

What’s going on with XPO Logistics?

XPO Logistics will now focus just on trucking, as it spins off and sells other businesses. XPO Logistics plans to become solely a trucking company, spinning off its high-tech truck brokerage business into a separate publicly traded firm.

Will XPO shareholders get GXO stock?

Under the terms of the previously announced separation, XPO stockholders received one share of GXO common stock for every one share of XPO common stock held as of the close of business on the record date for the distribution, July 23, 2021.

Is GXO same as XPO?

GXO is the former global logistics segment of XPO Logistics (NYSE: XPO) and successfully spun off today as the world’s largest pure-play contract logistics provider. “This is an exciting milestone in GXO’s history.

Is GXO owned by XPO?

XPO unveils GXO as new company name for planned spin-off of logistics business. XPO Logistics, Inc. (NYSE: XPO), a leading global provider of supply chain solutions, today announced the identity of the new company that has been created in connection with the planned spin-off of XPO’s logistics business.

Who is buying XPO?

STG Logistics has acquired XPO Logistics’ intermodal division for $710 million, the companies announced Friday, advancing XPO’s spin-off plans revealed earlier this month. Approximately 700 employees and 48 locations have been transferred to STG in the transaction, according to an XPO news release.

Is XPO Logistics a good investment?

Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of XPO, demonstrate its potential to outperform the market. It currently has a Growth Score of C.

Who will buy XPO Logistics?

STG Logistics has acquired XPO Logistics’ intermodal division, the third-largest provider of containerized transportation services in North America, in an all-cash transaction totaling approximately $710 million.

Is GXO a good company?

Is GXO Logistics a good company to work for? GXO Logistics has an overall rating of 3.5 out of 5, based on over 356 reviews left anonymously by employees. 67% of employees would recommend working at GXO Logistics to a friend and 59% have a positive outlook for the business.

Is GXO publicly traded?

as a publicly traded pure-play contract logistics provider culminated with GXO officials ringing the New York Stock Exchange opening bell Aug. 2. GXO trades under the symbol GXO, and eligible XPO stockholders received GXO common stock.

Who is the owner of GXO?