GXO Logistics (NYSE:GXO) Price Target Cut to $55.00 by Analysts at Oppenheimer

GXO Logistics (NYSE:GXO) had its price target lowered by Oppenheimer from $67.00 to $55.00 in a report issued on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other research firms have also weighed in on GXO. The Goldman Sachs Group reduced their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. UBS Group lowered their price target on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. TD Cowen lifted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays reduced their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $57.62.

GXO Logistics Stock Up 4.2 %

Shares of GXO Logistics stock opened at $41.07 on Tuesday. 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 company has a 50-day moving average of $44.03 and a 200 day moving average of $50.61. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 1.19 and a beta of 1.60. GXO Logistics has a 1 year low of $34.51 and a 1 year high of $63.33.

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

Institutional Trading of GXO Logistics

Institutional investors and hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new position in shares of GXO Logistics during the third quarter valued at $28,000. Signaturefd LLC grew its stake in GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after purchasing an additional 249 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of GXO Logistics during the fourth quarter worth about $41,000. Hara Capital LLC acquired a new stake in shares of GXO Logistics during the third quarter worth about $50,000. Finally, Summit Securities Group LLC lifted its holdings in shares of GXO Logistics by 870.9% during the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after purchasing an additional 897 shares during the period. 90.67% of the stock is currently owned by institutional investors.

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.