GXO Logistics (NYSE:GXO) Price Target Cut to $45.00 by Analysts at Barclays

GXO Logistics (NYSE:GXO) had its price objective decreased by analysts at Barclays from $52.00 to $45.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 5.12% from the stock’s previous close.

Several other brokerages have also issued reports on GXO. TD Cowen lifted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer raised their price objective on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. The Goldman Sachs Group dropped their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group raised their price target on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.92.

GXO Logistics Trading Down 0.4 %

NYSE:GXO opened at $42.81 on Thursday. The business’s 50-day simple moving average is $44.88 and its 200-day simple moving average is $51.07. GXO Logistics has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $5.11 billion, a PE ratio of 47.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. Sell-side analysts expect that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp lifted 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 last quarter. Douglas Lane & Associates LLC increased its position in GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after buying an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of GXO Logistics by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock worth $26,153,000 after buying an additional 12,208 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of GXO Logistics in the third quarter valued at about $667,000. Finally, Barclays PLC grew its stake in shares of GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after acquiring an additional 14,020 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

About GXO Logistics

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.