GXO Logistics (NYSE:GXO) Rating Lowered to “Hold” at Loop Capital

GXO Logistics (NYSE:GXO) was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating in a research note issued on Monday,Briefing.com Automated Import reports. They presently have a $49.00 target price on the stock, down from their prior target price of $71.00. Loop Capital’s price target indicates a potential upside of 7.74% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Oppenheimer lifted their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Barclays lowered their price objective on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. UBS Group raised their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. TD Cowen raised their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Citigroup began coverage on GXO Logistics in a research report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, GXO Logistics has an average rating of “Moderate Buy” and an average target price of $63.46.

GXO Logistics Trading Down 1.1 %

Shares of NYSE:GXO opened at $45.48 on Monday. GXO Logistics has a 12-month low of $41.38 and a 12-month high of $63.33. The business’s fifty day simple moving average is $47.37 and its 200-day simple moving average is $51.65. The company has a market capitalization of $5.43 billion, a PE ratio of 50.53, a P/E/G ratio of 1.24 and a beta of 1.60. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the business posted $0.69 EPS. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, equities research analysts predict that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

A number of institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. purchased a new position in shares of GXO Logistics in the 4th quarter valued at about $47,626,000. Global Alpha Capital Management Ltd. purchased a new position in shares of GXO Logistics in the 3rd quarter valued at about $32,434,000. Brown Brothers Harriman & Co. increased its stake in shares of GXO Logistics by 105.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after purchasing an additional 495,829 shares in the last quarter. River Road Asset Management LLC increased its stake in GXO Logistics by 40.4% during the 3rd quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock worth $68,135,000 after buying an additional 376,704 shares in the last quarter. Finally, Life Planning Partners Inc increased its stake in GXO Logistics by 4,250.0% during the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock worth $11,458,000 after buying an additional 257,338 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.