GXO Logistics (NYSE:GXO) Reaches New 52-Week Low on Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO - Get Free Report) reached a new 52-week low during mid-day trading on Thursday after UBS Group lowered their price target on the stock from $72.00 to $50.00. UBS Group currently has a buy rating on the stock. GXO Logistics traded as low as $39.49 and last traded at $36.57, with a volume of 6961 shares. The stock had previously closed at $42.76.

GXO has been the subject of several other research reports. Oppenheimer upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Barclays decreased their target price on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday. Morgan Stanley decreased their target price on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday. Stifel Nicolaus restated a "buy" rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a research report on Friday. Finally, Wells Fargo & Company decreased their price objective on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.54.

Hedge Funds Weigh In On GXO Logistics

Several institutional investors have recently bought and sold shares of the stock. Mount Lucas Management LP increased its holdings in shares of GXO Logistics by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 7,327 shares of the company's stock valued at $382,000 after acquiring an additional 173 shares during the last quarter. Mathes Company Inc. grew its holdings in GXO Logistics by 0.7% during the third quarter. Mathes Company Inc. now owns 25,475 shares of the company's stock valued at $1,326,000 after purchasing an additional 175 shares during the last quarter. Nisa Investment Advisors LLC grew 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 valued at $160,000 after purchasing an additional 220 shares during the last quarter. CWM LLC grew its stake in 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 buying an additional 238 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company's stock valued at $48,000 after purchasing an additional 249 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

GXO Logistics Trading Up 8.8 %

The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60. The company has a 50-day moving average price of $44.40 and a 200-day moving average price of $50.79. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. Research analysts predict that GXO Logistics, Inc. will post 2.73 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.