Loop Capital Downgrades GXO Logistics (NYSE:GXO) to Hold

Loop Capital cut shares of GXO Logistics (NYSE:GXO - Free Report) from a buy rating to a hold rating in a report released on Monday, Marketbeat.com reports. They currently have $49.00 price target on the stock, down from their prior price target of $71.00.

Several other research analysts have also recently weighed in on GXO. Barclays lowered their target price on GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. Oppenheimer boosted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Citigroup initiated coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a "buy" rating and a $60.00 price objective for the company. The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average target price of $63.46.

GXO Logistics Price Performance

Shares of NYSE:GXO traded down $0.28 during trading on Monday, reaching $43.84. The stock had a trading volume of 949,013 shares, compared to its average volume of 1,098,415. The business has a fifty day moving average price of $46.06 and a 200-day moving average price of $51.41. GXO Logistics has a 1-year low of $41.38 and a 1-year high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $5.24 billion, a PE ratio of 48.71, a PEG ratio of 1.24 and a beta of 1.60.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, equities analysts forecast that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of GXO. Stifel Financial Corp increased its holdings in 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 period. Douglas Lane & Associates LLC increased its position in shares of GXO Logistics by 6.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company's stock valued at $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 holdings in shares of GXO Logistics by 2.5% in 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 valued at $26,153,000 after purchasing an additional 12,208 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of GXO Logistics during the 3rd quarter worth $667,000. Finally, Barclays PLC grew its stake in shares of GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company's stock worth $3,256,000 after purchasing an additional 14,020 shares in the last quarter. 90.67% of the stock is currently 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.