GXO Logistics (NYSE:GXO) Price Target Lowered to $52.00 at Barclays

GXO Logistics (NYSE:GXO) had its target price decreased by analysts at Barclays from $60.00 to $52.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 11.83% from the stock’s previous close.

Several other brokerages also recently weighed in on GXO. Oppenheimer upped their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Citigroup initiated coverage on GXO Logistics in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. TD Cowen increased their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group increased their price objective on GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Susquehanna dropped their price objective on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

GXO Logistics Price Performance

GXO opened at $58.98 on Wednesday. The stock’s 50-day moving average price is $58.13 and its 200 day moving average price is $53.05. GXO Logistics has a 12-month low of $46.07 and a 12-month high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 65.53, a PEG ratio of 1.83 and a beta of 1.52.

GXO Logistics (NYSE:GXO) last posted its earnings results on Monday, November 4th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the company earned $0.69 EPS. GXO Logistics’s revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts expect that GXO Logistics will post 2.76 earnings per share for the current year.

Institutional Trading of GXO Logistics

Large investors have recently made changes to their positions in the company. Tidal Investments LLC lifted its position in GXO Logistics by 84.1% during the 1st quarter. Tidal Investments LLC now owns 13,769 shares of the company’s stock worth $740,000 after acquiring an additional 6,291 shares during the period. DNB Asset Management AS lifted its position in GXO Logistics by 18.9% during the 2nd quarter. DNB Asset Management AS now owns 11,231 shares of the company’s stock worth $567,000 after acquiring an additional 1,782 shares during the period. Mather Group LLC. lifted its position in GXO Logistics by 170.7% during the 2nd quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after acquiring an additional 700 shares during the period. Gilman Hill Asset Management LLC lifted its position in GXO Logistics by 38.6% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 98,054 shares of the company’s stock worth $4,952,000 after acquiring an additional 27,308 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of GXO Logistics by 113.3% in the 2nd quarter. SG Americas Securities LLC now owns 10,273 shares of the company’s stock valued at $519,000 after buying an additional 5,457 shares during the period. 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.