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

Loop Capital cut shares of GXO Logistics (NYSE:GXO) from a buy rating to a hold rating in a report released on Monday morning, Marketbeat.com reports. Loop Capital currently has $49.00 target price on the stock, down from their prior target price of $71.00.

Several other equities research analysts have also issued reports on GXO. Citigroup began 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. UBS Group lifted their price target on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen boosted their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, 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. Four investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.46.

GXO Logistics Price Performance

NYSE GXO opened at $44.19 on Monday. GXO Logistics has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The firm has a market cap of $5.28 billion, a P/E ratio of 49.10, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s 50-day moving average is $47.02 and its two-hundred day moving average is $51.58.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. On average, analysts anticipate that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of GXO Logistics in the fourth quarter valued at about $47,626,000. Global Alpha Capital Management Ltd. acquired a new stake in shares of GXO Logistics during the third quarter worth $32,434,000. Brown Brothers Harriman & Co. lifted its holdings in GXO Logistics by 105.0% in the third quarter. Brown Brothers Harriman & Co. now owns 968,267 shares of the company’s stock valued at $50,418,000 after buying an additional 495,829 shares during the period. River Road Asset Management LLC boosted its position in GXO Logistics by 40.4% during the third quarter. River Road Asset Management LLC now owns 1,308,532 shares of the company’s stock valued at $68,135,000 after acquiring an additional 376,704 shares during the last quarter. Finally, Life Planning Partners Inc grew its stake in GXO Logistics by 4,250.0% during the fourth quarter. Life Planning Partners Inc now owns 263,393 shares of the company’s stock worth $11,458,000 after purchasing an additional 257,338 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.