GXO Logistics (NYSE:GXO) Sets New 1-Year Low – Should You Sell?

GXO Logistics, Inc. (NYSE:GXO)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $45.93 and last traded at $45.96, with a volume of 1065537 shares traded. The stock had previously closed at $46.95.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GXO. Barclays cut their price target on shares of GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. TD Cowen lifted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Susquehanna lowered their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating for the company in a research report on Thursday, September 26th. Finally, Citigroup assumed coverage on GXO Logistics in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

GXO Logistics Stock Performance

The stock has a fifty day moving average of $57.56 and a 200-day moving average of $52.87. The firm has a market capitalization of $5.01 billion, a P/E ratio of 46.62, a P/E/G ratio of 1.49 and a beta of 1.52. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.76 EPS for the current year.

Institutional Trading of GXO Logistics

Several institutional investors and hedge funds have recently bought and sold shares of GXO. Mount Lucas Management LP grew its stake in GXO Logistics by 2.4% in the third quarter. Mount Lucas Management LP now owns 7,327 shares of the company’s stock valued at $382,000 after purchasing an additional 173 shares in the last quarter. Mathes Company Inc. boosted its holdings in shares of GXO Logistics by 0.7% in the 3rd quarter. Mathes Company Inc. now owns 25,475 shares of the company’s stock valued at $1,326,000 after buying an additional 175 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of GXO Logistics by 7.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company’s stock valued at $160,000 after buying an additional 220 shares in the last quarter. CWM LLC increased its holdings in GXO Logistics by 13.8% during the third quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after buying an additional 238 shares during the last quarter. Finally, Signaturefd LLC raised its position in GXO Logistics by 37.2% during the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares in the last quarter. 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.