GXO Logistics (NYSE:GXO) Lowered to Hold Rating by Loop Capital

GXO Logistics (NYSE:GXO) was downgraded by Loop Capital from a “buy” rating to a “hold” rating in a report released on Monday, MarketBeat 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 objective would indicate a potential upside of 9.06% from the company’s previous close.

Several other research analysts have also issued reports on GXO. UBS Group raised their price target 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 boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer increased 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. The Goldman Sachs Group decreased their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Barclays cut their target price on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and an average target price of $63.46.

GXO Logistics Stock Performance

GXO Logistics stock opened at $44.93 on Monday. The company has a market cap of $5.37 billion, a PE ratio of 49.92, a PEG 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 has a 1 year low of $41.38 and a 1 year high of $63.33. The company’s 50-day moving average is $46.71 and its two-hundred day moving average is $51.52.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new stake in GXO Logistics in the 4th quarter valued at approximately $47,626,000. Global Alpha Capital Management Ltd. bought a new stake in shares of GXO Logistics in the third quarter worth $32,434,000. Brown Brothers Harriman & Co. boosted its holdings in GXO Logistics by 105.0% during the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock worth $50,418,000 after purchasing an additional 495,829 shares during the last quarter. River Road Asset Management LLC grew its position in GXO Logistics by 40.4% in the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after purchasing an additional 376,704 shares in the last quarter. Finally, Life Planning Partners Inc increased its stake in GXO Logistics by 4,250.0% in the 4th quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock valued at $11,458,000 after buying an additional 257,338 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

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.