The Goldman Sachs Group Cuts GXO Logistics (NYSE:GXO) Price Target to $54.00

GXO Logistics (NYSE:GXO) had its target price reduced by The Goldman Sachs Group from $63.00 to $54.00 in a research report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on GXO. Susquehanna reduced their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Barclays reduced their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. UBS Group lifted their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. TD Cowen upped their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer boosted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

GXO Logistics Stock Performance

NYSE:GXO opened at $43.98 on Thursday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 1.10 and a beta of 1.60. GXO Logistics has a 1 year low of $41.38 and a 1 year high of $63.33. The stock’s 50 day simple moving average is $50.21 and its two-hundred day simple moving average is $52.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, equities analysts anticipate that GXO Logistics will post 2.74 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

Several large investors have recently bought and sold shares of GXO. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the 3rd quarter valued at about $28,000. UMB Bank n.a. boosted its holdings in GXO Logistics by 111.4% in the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock valued at $33,000 after purchasing an additional 331 shares during the last quarter. Signaturefd LLC grew its stake in shares of GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the period. Hara Capital LLC acquired a new stake in shares of GXO Logistics during the 3rd quarter worth approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after buying an additional 282 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.