GXO Logistics (NYSE:GXO) Price Target Cut to $45.00 by Analysts at Citigroup

GXO Logistics (NYSE:GXO - Get Free Report) had its price objective lowered by investment analysts at Citigroup from $51.00 to $45.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential upside of 31.03% from the company's current price.

GXO has been the topic of a number of other research reports. Wells Fargo & Company lowered their target price on GXO Logistics from $60.00 to $44.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Oppenheimer dropped their price objective on GXO Logistics from $67.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus reissued a "buy" rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Morgan Stanley dropped their price target on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a research report on Friday, March 7th. They issued a "hold" rating and a $45.00 price objective for the company. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.93.

GXO Logistics Stock Up 1.7 %

Shares of NYSE:GXO traded up $0.58 during mid-day trading on Tuesday, reaching $34.34. 1,298,242 shares of the stock were exchanged, compared to its average volume of 1,217,560. The company has a market cap of $4.10 billion, a P/E ratio of 30.66, a P/E/G ratio of 1.34 and a beta of 1.56. The stock's 50 day simple moving average is $38.98 and its 200-day simple moving average is $47.55. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics has a one year low of $30.46 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that GXO Logistics will post 2.49 EPS for the current year.

Institutional Trading of GXO Logistics

Several institutional investors have recently added to or reduced their stakes in GXO. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics during the fourth quarter worth $41,000. Summit Securities Group LLC raised 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 in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in GXO Logistics by 33.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company's stock worth $60,000 after purchasing an additional 290 shares in the last quarter. Quarry LP boosted its holdings in GXO Logistics by 1,334.9% in the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after purchasing an additional 1,148 shares during the period. Finally, R Squared Ltd acquired a new position in shares of GXO Logistics during the 4th quarter worth approximately $54,000. 90.67% of the stock is currently owned by institutional investors.

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.