GXO Logistics (NYSE:GXO) Price Target Cut to $57.00 by Analysts at Morgan Stanley

GXO Logistics (NYSE:GXO) had its target price reduced by Morgan Stanley from $63.00 to $57.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently issued reports on GXO. UBS Group upped 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. The Goldman Sachs Group reduced their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays reduced their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus price target of $58.54.

GXO Logistics Stock Performance

Shares of NYSE:GXO opened at $39.49 on Friday. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics has a 52 week low of $34.51 and a 52 week high of $63.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $44.40 and a 200 day moving average of $50.86.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, sell-side analysts predict that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Several hedge funds have recently modified their holdings of the company. Stifel Financial Corp raised its position in shares of GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after purchasing an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after purchasing an additional 12,208 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of GXO Logistics during the 3rd quarter worth about $667,000. Finally, Barclays PLC raised its position in shares of GXO Logistics by 28.9% during the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after purchasing an additional 14,020 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.

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.