UBS Group Cuts GXO Logistics (NYSE:GXO) Price Target to $50.00

GXO Logistics (NYSE:GXO) had its price objective cut by UBS Group from $72.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

GXO has been the subject of a number of other reports. Oppenheimer boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Company cut their price objective on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday. Barclays cut their price objective on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday. Stifel Nicolaus restated a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday. Finally, Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and an average price target of $58.54.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $39.49 on Friday. The company has a market capitalization of $4.72 billion, a PE ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60. 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 50-day simple moving average of $44.40 and a two-hundred day simple moving average of $50.79. GXO Logistics has a one year low of $34.51 and a one year high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping 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%. Research analysts expect that GXO Logistics will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in GXO Logistics by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company’s stock valued at $492,977,000 after buying an additional 212,254 shares during the last quarter. Clearbridge Investments LLC boosted its position in GXO Logistics by 3.8% in the 4th quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company’s stock worth $183,924,000 after purchasing an additional 153,522 shares in the last quarter. State Street Corp boosted its position in GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company’s stock worth $189,083,000 after purchasing an additional 66,232 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in GXO Logistics by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company’s stock worth $121,718,000 after purchasing an additional 50,682 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in GXO Logistics by 28,112.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company’s stock worth $114,036,000 after purchasing an additional 2,612,223 shares in the last quarter. Hedge funds and other 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.