GXO Logistics (NYSE:GXO) Price Target Lowered to $52.00 at Barclays

GXO Logistics (NYSE:GXO) had its price target reduced by equities researchers at Barclays from $60.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential downside of 11.83% from the company’s previous close.

A number of other analysts have also recently commented on GXO. Oppenheimer boosted their price objective on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Citigroup started coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. TD Cowen boosted 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. UBS Group boosted their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Susquehanna dropped their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.33.

GXO Logistics Stock Down 2.4 %

GXO Logistics stock opened at $58.98 on Wednesday. The stock has a market capitalization of $7.05 billion, a PE ratio of 65.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.52. GXO Logistics has a 12 month low of $46.07 and a 12 month high of $63.33. The business has a 50 day simple moving average of $58.13 and a 200-day simple moving average of $53.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. On average, analysts anticipate that GXO Logistics will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics in the 3rd quarter valued at $28,000. UMB Bank n.a. lifted its stake in shares of GXO Logistics by 111.4% in the 3rd 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 last quarter. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 249 shares during the last quarter. Hara Capital LLC acquired a new position in shares of GXO Logistics in the 3rd quarter valued at $50,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of GXO Logistics by 37.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares during the last quarter. Institutional investors and hedge funds 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.