GXO Logistics (NYSE:GXO) Sets New 12-Month Low After Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO)’s share price hit a new 52-week low during mid-day trading on Thursday after Loop Capital lowered their price target on the stock from $76.00 to $74.00. Loop Capital currently has a buy rating on the stock. GXO Logistics traded as low as $48.11 and last traded at $48.16, with a volume of 689479 shares changing hands. The stock had previously closed at $48.85.

Several other brokerages also recently commented on GXO. Susquehanna increased their price target on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a report on Thursday, February 15th. Stifel Nicolaus lifted their target price on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Citigroup cut their target price on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. decreased their target price on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus target price of $69.54.

Insider Activity at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the sale, the director now owns 20,851 shares in the company, valued at $1,042,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its stake in GXO Logistics by 217.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 425 shares of the company’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the 3rd quarter worth about $31,000. Geneos Wealth Management Inc. acquired a new stake in shares of GXO Logistics during the 1st quarter worth about $39,000. Nomura Asset Management Co. Ltd. lifted its holdings in GXO Logistics by 58.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company’s stock valued at $44,000 after purchasing an additional 320 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new position in GXO Logistics in the second quarter valued at about $48,000. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

The stock has a market capitalization of $5.75 billion, a P/E ratio of 25.65, a PEG ratio of 2.11 and a beta of 1.64. The company’s 50 day simple moving average is $51.84 and its two-hundred day simple moving average is $54.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company earned $0.83 EPS. GXO Logistics’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

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.