GXO Logistics (NYSE:GXO) Sets New 52-Week Low – Time to Sell?

GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week low on Tuesday . The stock traded as low as $41.58 and last traded at $41.93, with a volume of 2117817 shares trading hands. The stock had previously closed at $41.96.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GXO shares. Barclays lowered their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer raised their target price on GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Citigroup assumed coverage on shares of GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, UBS Group raised their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.33.

GXO Logistics Stock Up 0.8 %

The stock has a market capitalization of $5.05 billion, a P/E ratio of 46.96, a P/E/G ratio of 1.49 and a beta of 1.52. 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’s fifty day moving average is $55.96 and its 200-day moving average is $52.66.

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, beating analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. GXO Logistics’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. As a group, equities research analysts predict that GXO Logistics, Inc. 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 business. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics in the third quarter valued at about $28,000. UMB Bank n.a. raised its stake in shares of GXO Logistics by 111.4% in the third quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after acquiring an additional 331 shares during the last quarter. Signaturefd LLC lifted its position in shares of GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares in the last quarter. Hara Capital LLC bought a new stake in shares of GXO Logistics during the third quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock valued at $54,000 after purchasing an additional 282 shares in the last quarter. 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.