GXO Logistics (NYSE:GXO) Reaches New 12-Month Low - What's Next?

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $41.58 and last traded at $41.93, with a volume of 2117817 shares changing hands. The stock had previously closed at $41.96.

Wall Street Analysts Forecast Growth

GXO has been the topic of several analyst reports. Barclays lowered their price objective 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 raised their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Citigroup began coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a "buy" rating and a $60.00 target price on the stock. Finally, Susquehanna cut their price target on GXO Logistics from $75.00 to $73.00 and set a "positive" rating for the company in a research note on Thursday, September 26th. 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, GXO Logistics has a consensus rating of "Moderate Buy" and an average target price of $66.33.

GXO Logistics Stock Up 0.8 %

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $56.76 and a two-hundred day simple moving average of $52.78. The company has a market capitalization of $5.05 billion, a P/E ratio of 46.96, a PEG ratio of 1.49 and a beta of 1.52.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm's revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.76 EPS for the current year.

Institutional Trading of GXO Logistics

A number of large investors have recently modified their holdings of GXO. Mount Lucas Management LP raised its holdings in shares of GXO Logistics by 2.4% in the 3rd 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. raised its stake in GXO Logistics by 0.7% in the third quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock worth $1,326,000 after buying an additional 175 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in GXO Logistics by 7.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock worth $160,000 after buying an additional 220 shares during the period. CWM LLC increased its holdings in shares of GXO Logistics by 13.8% in the 3rd quarter. CWM LLC now owns 1,961 shares of the company's stock valued at $102,000 after acquiring an additional 238 shares during the period. Finally, Signaturefd LLC raised its position in shares of GXO Logistics by 37.2% in the 3rd 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. Hedge funds and other 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.