Wells Fargo & Company Has Lowered Expectations for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its target price reduced by investment analysts at Wells Fargo & Company from $60.00 to $44.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.42% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Oppenheimer upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley reduced their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday. Barclays reduced their price target on shares of GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $71.00 to $49.00 in a report on Monday, February 3rd. Finally, TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.54.

GXO Logistics Stock Up 8.8 %

Shares of NYSE:GXO opened at $39.49 on Friday. GXO Logistics has a 52 week low of $34.51 and a 52 week high of $63.33. 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 company’s fifty day moving average is $44.40 and its 200-day moving average is $50.83. The company has a market capitalization of $4.72 billion, a PE ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. Equities research analysts predict that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

Institutional investors and hedge funds have recently modified their holdings of the stock. Nexpoint Asset Management L.P. acquired a new position in shares of GXO Logistics in the 4th quarter valued at approximately $352,000. One68 Global Capital LLC acquired a new position in shares of GXO Logistics in the 4th quarter valued at approximately $914,000. Soros Fund Management LLC acquired a new position in shares of GXO Logistics in the 4th quarter valued at approximately $2,175,000. Schonfeld Strategic Advisors LLC grew its position in shares of GXO Logistics by 79.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 46,069 shares of the company’s stock valued at $2,004,000 after purchasing an additional 20,446 shares during the period. Finally, Northern Trust Corp grew its position in shares of GXO Logistics by 23.6% in the 4th quarter. Northern Trust Corp now owns 1,005,232 shares of the company’s stock valued at $43,728,000 after purchasing an additional 191,648 shares during the period. 90.67% of the stock is owned by 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.