GXO Logistics (NYSE:GXO) Hits New 12-Month Low on Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week low on Thursday after Barclays lowered their price target on the stock from $52.00 to $45.00. Barclays currently has an equal weight rating on the stock. GXO Logistics traded as low as $39.49 and last traded at $36.57, with a volume of 6961 shares changing hands. The stock had previously closed at $42.76.

Several other equities analysts also recently commented on GXO. TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and lowered their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Oppenheimer boosted their price objective on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group lowered their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.92.

Institutional Investors Weigh In On GXO Logistics

Institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter valued at approximately $28,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics in the 4th quarter valued at approximately $41,000. Summit Securities Group LLC raised its holdings in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after buying an additional 897 shares during the period. Signaturefd LLC raised its holdings in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares during the period. Finally, Hara Capital LLC purchased a new stake in shares of GXO Logistics in the third quarter worth approximately $50,000. 90.67% of the stock is owned by institutional investors.

GXO Logistics Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a fifty day moving average price of $44.61 and a two-hundred day moving average price of $50.97. The stock has a market capitalization of $4.35 billion, a PE ratio of 40.48, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Research analysts expect that GXO Logistics, Inc. will post 2.73 EPS for the current year.

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.