GXO Logistics (NYSE:GXO) Sets New 12-Month Low on Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday after Loop Capital lowered their price target on the stock from $76.00 to $74.00. Loop Capital currently has a buy rating on the stock. GXO Logistics traded as low as $48.11 and last traded at $48.16, with a volume of 689479 shares changing hands. The stock had previously closed at $48.85.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of GXO Logistics from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 9th. BNP Paribas upgraded shares of GXO Logistics from an "underperform" rating to a "neutral" rating and set a $50.00 target price on the stock in a research report on Wednesday, March 27th. Susquehanna increased their target price on shares of GXO Logistics from $73.00 to $75.00 and gave the company a "positive" rating in a report on Thursday, February 15th. TD Cowen boosted their price target on GXO Logistics from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Finally, Stifel Nicolaus raised their price objective on GXO Logistics from $69.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.54.

Insider Transactions at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the transaction, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.

Institutional Trading of GXO Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of GXO Logistics by 217.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 425 shares of the company's stock worth $27,000 after acquiring an additional 291 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics during the third quarter worth approximately $31,000. Geneos Wealth Management Inc. acquired a new position in shares of GXO Logistics in the 1st quarter valued at $39,000. Nomura Asset Management Co. Ltd. grew its stake in shares of GXO Logistics by 58.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company's stock valued at $44,000 after buying an additional 320 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of GXO Logistics during the 2nd quarter worth $48,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Stock Down 1.4 %

The firm has a market capitalization of $5.75 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.11 and a beta of 1.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average of $51.67 and a two-hundred day moving average of $54.77.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company's revenue was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that GXO Logistics, Inc. will post 2.77 EPS for the current year.

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.