GXO Logistics (NYSE:GXO) Reaches New 1-Year Low - Here's Why

Key Points

• GXO Logistics shares hit a new 52-week low, trading as low as $44.51 and down from the prior close of $45.23. Its price is below both the 50-day and 200-day moving averages.
• Despite the selloff, analysts maintain a “Moderate Buy” consensus, with 12 Buy ratings and three Holds and an average price target of $63.93.
• GXO slightly beat quarterly earnings expectations with $0.59 in EPS versus $0.58 expected, while revenue rose 4.3% year over year to $3.44 billion. Institutional investors own approximately 90.67% of the stock.

Shares of GXO Logistics, Inc. (NYSE:GXO - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $44.51 and last traded at $44.2410, with a volume of 21408 shares changing hands. The stock had previously closed at $45.23.

Wall Street Analysts Forecast Growth

GXO has been the subject of a number of research reports. Oppenheimer set a $61.00 price objective on shares of GXO Logistics in a report on Thursday, August 6th. Stifel Nicolaus dropped their target price on shares of GXO Logistics from $71.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of GXO Logistics from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Stephens started coverage on shares of GXO Logistics in a report on Wednesday, July 8th. They issued an "overweight" rating and a $75.00 price target for the company. Finally, Susquehanna lowered their price objective on shares of GXO Logistics from $75.00 to $62.00 and set a "positive" rating for the company in a research report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.93.

GXO Logistics Stock Down 2.7%

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The firm's 50-day moving average price is $48.48 and its 200 day moving average price is $50.61. The firm has a market cap of $5.04 billion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics had a net margin of 0.96% and a return on equity of 10.57%. GXO Logistics's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, research analysts expect that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Focus Partners Wealth acquired a new stake in GXO Logistics in the 4th quarter valued at approximately $181,648,000. Norges Bank bought a new position in shares of GXO Logistics in the fourth quarter worth $57,598,000. Milford Funds Ltd. bought a new position in shares of GXO Logistics in the fourth quarter worth $43,250,000. Engineers Gate Manager LP increased its holdings in shares of GXO Logistics by 139.8% during the fourth quarter. Engineers Gate Manager LP now owns 767,595 shares of the company's stock valued at $40,406,000 after purchasing an additional 447,494 shares during the period. Finally, Rokos Capital Management LLP acquired a new position in shares of GXO Logistics during the first quarter valued at $21,315,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GXO Logistics Company Profile

GXO Logistics, Inc NYSE: GXO is a global contract logistics company that manages supply chain operations for businesses across a range of industries. Its services include warehousing, distribution, order fulfillment, inventory management, transportation management and reverse logistics.

The company uses technology, automation and data analytics to operate logistics facilities and support the movement of goods from manufacturers and suppliers to retailers, businesses and consumers. GXO serves customers in sectors such as retail and e-commerce, consumer goods, food and beverage, technology, healthcare, industrial manufacturing and automotive.

GXO was established as an independent public company in 2021 through the spin-off of XPO, Inc's logistics business.

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