GXO Logistics (NYSE:GXO) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics (NYSE:GXO) in a report published on Friday morning, MarketBeat reports. The firm issued a hold rating and a $45.00 target price on the stock.

A number of other analysts have also recently commented on GXO. Morgan Stanley reduced their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Barclays reduced their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group reduced their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $56.71.

GXO Logistics Stock Down 0.7 %

GXO stock opened at $38.12 on Friday. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The business has a fifty day moving average price of $42.67 and a 200-day moving average price of $49.87. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The stock has a market capitalization of $4.56 billion, a P/E ratio of 34.03, a P/E/G ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. Equities analysts forecast that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds have recently made changes to their positions in the business. Stifel Financial Corp boosted its stake in shares of GXO Logistics by 95.8% in the third quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after acquiring an additional 37,197 shares during the period. Douglas Lane & Associates LLC boosted its stake in shares of GXO Logistics by 6.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after acquiring an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of GXO Logistics by 2.5% in 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 acquiring an additional 12,208 shares during the period. Tidal Investments LLC bought a new position in shares of GXO Logistics in the third quarter worth about $667,000. Finally, Barclays PLC boosted 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 worth $3,256,000 after acquiring an additional 14,020 shares during the period. 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.