Deutsche Bank Aktiengesellschaft Begins Coverage on GXO Logistics (NYSE:GXO)

Equities researchers at Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics (NYSE:GXO) in a report released on Friday, MarketBeat Ratings reports. The firm set a “hold” rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 18.06% from the company’s current price.

A number of other equities research analysts also recently commented on GXO. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $49.00 in a report on Monday, February 3rd. 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. Oppenheimer reduced their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, UBS Group decreased their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus price target of $56.71.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $38.12 on Friday. GXO Logistics has a 52 week low of $34.51 and a 52 week high of $63.33. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.56 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. The company’s 50-day moving average price is $42.58 and its two-hundred day moving average price is $49.81.

GXO Logistics (NYSE:GXO) last released its earnings results 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 1.14% and a return on equity of 11.16%. As a group, sell-side analysts anticipate that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics in the fourth quarter worth $41,000. Summit Securities Group LLC grew its stake in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after purchasing an additional 897 shares in the last quarter. Hara Capital LLC acquired a new position in GXO Logistics in the 3rd quarter worth about $50,000. R Squared Ltd acquired a new position in GXO Logistics in the 4th quarter worth about $54,000. Finally, Quarry LP raised its stake in shares of GXO Logistics by 1,334.9% during the 4th quarter. Quarry LP now owns 1,234 shares of the company’s stock worth $54,000 after purchasing an additional 1,148 shares in the last quarter. Hedge funds and other 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.