GXO Logistics (NYSE:GXO) Cut to "Hold" at Loop Capital

Loop Capital cut shares of GXO Logistics (NYSE:GXO - Free Report) from a buy rating to a hold rating in a research note released on Monday morning, Marketbeat Ratings reports. The firm currently has $49.00 price target on the stock, down from their prior price target of $71.00.

A number of other analysts also recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Citigroup started coverage on GXO Logistics in a research report on Wednesday, October 9th. They set a "buy" rating and a $60.00 target price on the stock. TD Cowen upped their price target on GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Barclays decreased their price objective on GXO Logistics from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. Finally, UBS Group upped their target price on GXO Logistics from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.46.

GXO Logistics Stock Performance

Shares of GXO Logistics stock traded down $0.85 during trading on Monday, reaching $44.11. The company's stock had a trading volume of 992,771 shares, compared to its average volume of 1,104,925. The business's fifty day moving average price is $46.71 and its 200-day moving average price is $51.52. GXO Logistics has a one year low of $41.38 and a one year high of $63.33. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. 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 issued its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. The company's quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. As a group, equities research analysts predict that GXO Logistics will post 2.73 earnings per share for the current year.

Institutional Trading of GXO Logistics

Several large investors have recently made changes to their positions in GXO. Mount Lucas Management LP boosted its position in 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 buying an additional 173 shares during the last quarter. Mathes Company Inc. lifted its stake in shares of 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 acquiring an additional 175 shares during the period. Nisa Investment Advisors LLC boosted its holdings in GXO Logistics by 7.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,064 shares of the company's stock valued at $160,000 after acquiring an additional 220 shares during the last quarter. CWM LLC increased its position in GXO Logistics by 13.8% in the third quarter. CWM LLC now owns 1,961 shares of the company's stock worth $102,000 after purchasing an additional 238 shares during the period. Finally, Signaturefd LLC raised its holdings in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company's stock worth $48,000 after purchasing an additional 249 shares during 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.