GXO Logistics (NYSE:GXO) PT Lowered to $74.00 at Loop Capital

GXO Logistics (NYSE:GXO) had its price objective cut by Loop Capital from $76.00 to $74.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on GXO. Susquehanna raised their price target on GXO Logistics from $73.00 to $75.00 and gave the stock a positive rating in a research report on Thursday, February 15th. TD Cowen upped their price objective on GXO Logistics from $70.00 to $78.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Citigroup cut their price target on shares of GXO Logistics from $66.00 to $64.00 and set a buy rating on the stock in a report on Thursday, February 15th. JPMorgan Chase & Co. reduced their price objective on GXO Logistics from $67.00 to $65.00 and set an overweight rating on the stock in a research note on Tuesday, April 9th. Finally, BNP Paribas upgraded shares of GXO Logistics from an underperform rating to a neutral rating and set a $50.00 target price for the company in a research note on Wednesday, March 27th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $69.54.

GXO Logistics Stock Performance

NYSE GXO opened at $48.16 on Thursday. The business has a 50 day moving average price of $51.67 and a 200 day moving average price of $54.77. The company has a market capitalization of $5.75 billion, a P/E ratio of 25.21, a PEG ratio of 2.06 and a beta of 1.64. GXO Logistics has a 1-year low of $48.11 and a 1-year high of $67.57. 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 announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that GXO Logistics will post 2.77 EPS for the current fiscal year.

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 value of $236,850.00. Following the completion of the transaction, the director now owns 20,851 shares of the company’s stock, valued at $1,042,550. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On GXO Logistics

Large investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in shares of GXO Logistics by 217.2% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics during the 3rd quarter worth $31,000. Geneos Wealth Management Inc. acquired a new stake in GXO Logistics in the first quarter worth $39,000. Nomura Asset Management Co. Ltd. lifted its stake in GXO Logistics by 58.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company’s stock valued at $44,000 after buying an additional 320 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of GXO Logistics during the second quarter valued at $48,000. 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.