Oppenheimer Has Lowered Expectations for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO - Free Report) had its target price lowered by Oppenheimer from $67.00 to $55.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on GXO. Morgan Stanley dropped their price target on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company dropped their price target 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. TD Cowen increased their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $66.00 price objective (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average price target of $57.62.

GXO Logistics Trading Down 1.4 %

NYSE:GXO traded down $0.56 during mid-day trading on Tuesday, hitting $39.34. The company had a trading volume of 1,368,841 shares, compared to its average volume of 1,590,500. GXO Logistics has a fifty-two week low of $34.51 and a fifty-two week high of $63.33. The business's fifty day moving average is $43.67 and its two-hundred day moving average is $50.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83. The firm has a market cap of $4.70 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.35 and a beta of 1.60.

GXO Logistics (NYSE:GXO - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. As a group, research analysts expect that GXO Logistics will post 2.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stifel Financial Corp boosted its stake in shares of GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company's stock worth $3,960,000 after acquiring an additional 37,197 shares during the period. Douglas Lane & Associates LLC lifted its holdings in GXO Logistics by 6.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company's stock worth $20,904,000 after purchasing an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in GXO Logistics by 2.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company's stock worth $26,153,000 after purchasing an additional 12,208 shares during the last quarter. Tidal Investments LLC acquired a new position in GXO Logistics in the 3rd quarter valued at $667,000. Finally, Barclays PLC grew its holdings in GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company's stock valued at $3,256,000 after buying an additional 14,020 shares in the last quarter. 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.