GXO Logistics (NYSE:GXO) Sets New 52-Week Low – Here’s Why

Shares of GXO Logistics, Inc. (NYSE:GXO) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $33.38 and last traded at $34.06, with a volume of 145230 shares traded. The stock had previously closed at $36.30.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Oppenheimer decreased their target price on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft began coverage on GXO Logistics in a report on Friday, March 7th. They issued a “hold” rating and a $45.00 price objective on the stock. Barclays reduced their target price on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Truist Financial started coverage on shares of GXO Logistics in a report on Thursday, March 13th. They issued a “hold” rating and a $40.00 price objective for the company. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and an average target price of $56.00.

GXO Logistics Trading Down 5.2 %

The business’s 50 day simple moving average is $40.83 and its two-hundred day simple moving average is $48.53. The stock has a market cap of $4.11 billion, a P/E ratio of 30.68, a PEG ratio of 1.34 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in GXO Logistics during the fourth quarter worth approximately $41,000. Summit Securities Group LLC grew its stake in shares of GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after buying an additional 897 shares during the period. R Squared Ltd bought a new stake in GXO Logistics in the 4th quarter valued at about $54,000. Quarry LP boosted its holdings in GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $54,000 after acquiring an additional 1,148 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of GXO Logistics by 33.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock valued at $60,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

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.