GXO Logistics (NYSE:GXO) Reaches New 1-Year Low – What’s Next?

Shares of GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $45.93 and last traded at $45.96, with a volume of 1065537 shares changing hands. The stock had previously closed at $46.95.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GXO shares. Barclays cut their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Oppenheimer increased their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Susquehanna dropped their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research note on Thursday, September 26th. TD Cowen raised their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

GXO Logistics Stock Performance

The firm has a market capitalization of $5.39 billion, a PE ratio of 50.12, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The business’s 50 day simple moving average is $57.99 and its two-hundred day simple moving average is $52.99.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (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 the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Research analysts expect that GXO Logistics, Inc. will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics during the third quarter valued at $28,000. UMB Bank n.a. raised its stake 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 worth $33,000 after buying an additional 331 shares during the period. Signaturefd LLC lifted its position in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares in the last quarter. Hara Capital LLC bought a new position in shares of GXO Logistics during the 3rd quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in 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 worth $54,000 after acquiring an additional 282 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.