GXO Logistics (NYSE:GXO) Rating Lowered to “Hold” at Loop Capital

GXO Logistics (NYSE:GXO) was downgraded by investment analysts at Loop Capital from a “buy” rating to a “hold” rating in a report released on Monday,Briefing.com Automated Import reports. They currently have a $49.00 price objective on the stock, down from their previous price objective of $71.00. Loop Capital’s price target suggests a potential upside of 7.74% from the stock’s current price.

A number of other equities analysts have also commented on GXO. Oppenheimer increased their price target on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Citigroup assumed coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target for the company. UBS Group increased 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. TD Cowen increased their price target on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.46.

GXO Logistics Stock Performance

NYSE GXO opened at $45.48 on Monday. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 50.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $47.37 and a 200-day moving average price of $51.65. GXO Logistics has a twelve month low of $41.38 and a twelve month high of $63.33.

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

Institutional Investors Weigh In On GXO Logistics

Several hedge funds and other institutional investors have recently modified their holdings of GXO. DekaBank Deutsche Girozentrale purchased a new position in GXO Logistics during the 3rd quarter worth $28,000. UMB Bank n.a. increased its holdings in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after purchasing an additional 331 shares during the period. Signaturefd LLC increased its holdings 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 purchasing an additional 249 shares during the period. Hara Capital LLC purchased a new position in GXO Logistics during the 3rd quarter worth $50,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in GXO Logistics by 37.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

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.