Barclays Has Lowered Expectations for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO - Free Report) had its price target reduced by Barclays from $52.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued research reports about the company. Loop Capital lowered GXO Logistics from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. TD Cowen boosted their price target on shares of GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. UBS Group raised their price objective on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Oppenheimer increased their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics has an average rating of "Moderate Buy" and an average target price of $58.54.

GXO Logistics Price Performance

Shares of NYSE:GXO traded up $3.18 during midday trading on Thursday, hitting $39.49. The company's stock had a trading volume of 4,534,132 shares, compared to its average volume of 988,272. The company has a market cap of $4.72 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics has a 12-month low of $34.51 and a 12-month high of $63.33. The business's 50 day simple moving average is $44.40 and its 200 day simple moving average is $50.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. On average, analysts forecast that GXO Logistics will post 2.73 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale purchased a new stake in shares of GXO Logistics in the 3rd quarter valued at $28,000. Signaturefd LLC grew its position in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock valued at $48,000 after acquiring an additional 249 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in GXO Logistics during the fourth quarter worth about $41,000. Hara Capital LLC purchased a new position in shares of GXO Logistics in the third quarter valued at approximately $50,000. Finally, Summit Securities Group LLC grew its holdings in shares of GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after purchasing an additional 897 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.

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.