Barclays Cuts GXO Logistics (NYSE:GXO) Price Target to $45.00

GXO Logistics (NYSE:GXO) had its price target decreased by Barclays from $52.00 to $45.00 in a report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also weighed in on GXO. The Goldman Sachs Group lowered their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen upped their target price 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. Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group increased their target price on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Trading Up 8.8 %

GXO Logistics stock opened at $39.49 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $4.72 billion, a P/E ratio of 43.88, a PEG ratio of 1.19 and a beta of 1.60. The firm’s 50-day moving average is $44.40 and its 200-day moving average is $50.83. GXO Logistics has a 1 year low of $34.51 and a 1 year high of $63.33.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, equities analysts expect that GXO Logistics will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nexpoint Asset Management L.P. purchased a new stake in GXO Logistics in the 4th quarter worth approximately $352,000. One68 Global Capital LLC bought a new stake in shares of GXO Logistics during the 4th quarter valued at about $914,000. Soros Fund Management LLC bought a new stake in shares of GXO Logistics during the 4th quarter valued at about $2,175,000. Schonfeld Strategic Advisors LLC lifted its position in GXO Logistics by 79.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 46,069 shares of the company’s stock valued at $2,004,000 after acquiring an additional 20,446 shares during the period. Finally, Northern Trust Corp lifted its position in GXO Logistics by 23.6% during the 4th quarter. Northern Trust Corp now owns 1,005,232 shares of the company’s stock valued at $43,728,000 after acquiring an additional 191,648 shares during the period. 90.67% of the stock is 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.