Barclays Cuts GXO Logistics (NYSE:GXO) Price Target to $45.00

GXO Logistics (NYSE:GXO) had its price target lowered by research analysts at Barclays from $52.00 to $45.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 5.12% from the company’s current price.

A number of other analysts have also recently issued reports on GXO. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. TD Cowen boosted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group reduced 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. UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer raised their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.92.

GXO Logistics Trading Down 0.4 %

Shares of NYSE:GXO opened at $42.81 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s 50-day moving average is $44.88 and its 200-day moving average is $51.07. The company has a market cap of $5.11 billion, a P/E ratio of 47.57, a P/E/G ratio of 1.19 and a beta of 1.60. GXO Logistics has a 52-week low of $41.38 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO) last released its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping 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%. Equities research analysts predict that GXO Logistics will post 2.73 earnings per share for the current year.

Institutional Investors Weigh In On GXO Logistics

A number of large investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics during the third quarter worth $28,000. Signaturefd LLC lifted its position in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after buying an additional 249 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in GXO Logistics during the 4th quarter worth about $41,000. Hara Capital LLC acquired a new stake in GXO Logistics in the 3rd quarter valued at about $50,000. Finally, Summit Securities Group LLC raised its stake in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after acquiring an additional 897 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

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.