GXO Logistics (NYSE:GXO) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics (NYSE:GXO - Get Free Report) in a report released on Friday, MarketBeat Ratings reports. The firm set a "hold" rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 21.64% from the stock's previous close.

Several other equities research analysts have also recently commented on the company. Loop Capital cut GXO Logistics from a "buy" rating to a "hold" rating and decreased their target price for the stock from $71.00 to $49.00 in a research note on Monday, February 3rd. UBS Group reduced their target price on GXO Logistics from $72.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Morgan Stanley reduced their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Finally, 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 note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $56.71.

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GXO Logistics Trading Down 1.3 %

NYSE:GXO traded down $0.50 on Friday, reaching $37.00. 2,573,728 shares of the stock traded hands, compared to its average volume of 1,121,408. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.62. GXO Logistics has a 1-year low of $34.51 and a 1-year high of $63.33. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.83. The company's 50 day moving average is $42.46 and its 200-day moving average is $49.74.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Equities research analysts anticipate that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in GXO Logistics in the fourth quarter worth $41,000. Hara Capital LLC purchased a new stake in GXO Logistics during the 3rd quarter worth about $50,000. Summit Securities Group LLC boosted its stake in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after purchasing an additional 897 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in GXO Logistics by 33.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock valued at $60,000 after buying an additional 290 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock worth $54,000 after buying an additional 1,148 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.