GXO Logistics (NYSE:GXO) Stock Rating Lowered by Loop Capital

GXO Logistics (NYSE:GXO) was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating in a report issued on Monday, MarketBeat Ratings reports. They currently have a $49.00 price target on the stock, down from their prior price target of $71.00. Loop Capital’s price objective suggests a potential upside of 9.06% from the stock’s current price.

GXO has been the topic of several other research reports. The Goldman Sachs Group decreased their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays dropped their price objective on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. UBS Group lifted their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer increased their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Citigroup started coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.46.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $44.93 on Monday. 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 market cap of $5.37 billion, a PE ratio of 49.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The firm has a fifty day moving average price of $46.71 and a two-hundred day moving average price of $51.52. GXO Logistics has a fifty-two week low of $41.38 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last released its earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. Analysts expect that GXO Logistics will post 2.73 EPS for the current year.

Institutional Trading of GXO Logistics

Large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics in the third quarter valued at about $28,000. UMB Bank n.a. raised its stake in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares during the last quarter. Signaturefd LLC lifted its position in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares in the last quarter. Hara Capital LLC bought a new stake in shares of GXO Logistics during the third quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

About GXO Logistics

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.