GXO Logistics (NYSE:GXO) Given “Sell (D+)” Rating at Weiss Ratings

GXO Logistics (NYSE:GXO)‘s stock had its “sell (d+)” rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on GXO. JPMorgan Chase & Co. increased their price objective on GXO Logistics from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Morgan Stanley lowered their target price on GXO Logistics from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Monday. Stifel Nicolaus upped their target price on GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Wells Fargo & Company upped their target price on GXO Logistics from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $68.00 in a research note on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.36.

GXO Logistics Stock Up 0.7%

Shares of GXO stock opened at $54.59 on Wednesday. The stock’s 50-day simple moving average is $51.91 and its 200-day simple moving average is $45.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $6.25 billion, a PE ratio of 103.00, a P/E/G ratio of 2.17 and a beta of 1.64. GXO Logistics has a fifty-two week low of $30.46 and a fifty-two week high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%.The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. Equities analysts expect that GXO Logistics will post 2.49 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in GXO Logistics by 13.7% during the first quarter. Janney Montgomery Scott LLC now owns 17,243 shares of the company’s stock worth $674,000 after purchasing an additional 2,076 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in GXO Logistics by 2.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,679 shares of the company’s stock worth $1,512,000 after purchasing an additional 886 shares in the last quarter. KBC Group NV boosted its position in GXO Logistics by 20.0% during the first quarter. KBC Group NV now owns 5,821 shares of the company’s stock worth $227,000 after purchasing an additional 969 shares in the last quarter. Principal Financial Group Inc. boosted its position in GXO Logistics by 0.3% during the first quarter. Principal Financial Group Inc. now owns 274,832 shares of the company’s stock worth $10,740,000 after purchasing an additional 831 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in GXO Logistics by 57.0% during the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock worth $33,000 after purchasing an additional 302 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.