GXO Logistics (NYSE:GXO) Reaches New 1-Year Low on Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week low during mid-day trading on Thursday after Barclays lowered their price target on the stock from $52.00 to $45.00. Barclays currently has an equal weight rating on the stock. GXO Logistics traded as low as $39.49 and last traded at $36.57, with a volume of 6961 shares. The stock had previously closed at $42.76.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. TD Cowen upped their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer lifted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Loop Capital cut shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Finally, UBS Group lifted their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in GXO Logistics in the 3rd quarter valued at $28,000. UMB Bank n.a. raised its position 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 valued at $33,000 after purchasing an additional 331 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics during the 4th quarter worth about $41,000. Summit Securities Group LLC boosted its holdings in shares of GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after buying an additional 897 shares during the period. Finally, Signaturefd LLC grew its stake in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Stock Performance

The company’s fifty day simple moving average is $44.88 and its two-hundred day simple moving average is $51.07. 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 stock has a market capitalization of $4.28 billion, a P/E ratio of 40.12, a PEG ratio of 1.19 and a beta of 1.60.

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

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.