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

Analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of GXO Logistics (NYSE:GXO) in a note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 17.34% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company cut their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Oppenheimer reduced their price objective on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group cut their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, UBS Group decreased their target price 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.71.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $38.35 on Friday. The business’s 50 day simple moving average is $42.67 and its two-hundred day simple moving average is $49.87. GXO Logistics has a one year low of $34.51 and a one year high of $63.33. 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 $4.58 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Analysts forecast that GXO Logistics will post 2.49 EPS for the current year.

Institutional Investors Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jefferies Financial Group Inc. boosted its stake in GXO Logistics by 740.0% during the 4th quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company’s stock valued at $2,730,000 after purchasing an additional 55,282 shares during the last quarter. Teza Capital Management LLC bought a new stake in GXO Logistics in the 4th quarter worth about $302,000. State of Wyoming purchased a new position in GXO Logistics in the 4th quarter worth about $133,000. Spruce House Investment Management LLC raised its position in GXO Logistics by 133.3% in the 4th quarter. Spruce House Investment Management LLC now owns 2,100,000 shares of the company’s stock worth $91,350,000 after buying an additional 1,200,000 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in GXO Logistics during the 4th quarter valued at about $2,891,000. Institutional investors own 90.67% of the company’s stock.

About GXO Logistics

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.