UBS Group Issues Pessimistic Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO - Get Free Report) had its price objective cut by UBS Group from $72.00 to $50.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 25.03% from the stock's previous close.

A number of other research firms also recently weighed in on GXO. The Goldman Sachs Group decreased their price target on GXO Logistics from $63.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Morgan Stanley decreased their target price on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday. Oppenheimer upped their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Loop Capital downgraded shares of GXO Logistics from a "buy" rating to a "hold" rating and decreased their price objective for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on shares of 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.54.

GXO Logistics Stock Up 1.5 %

NYSE GXO traded up $0.58 during trading on Friday, hitting $39.99. The stock had a trading volume of 660,267 shares, compared to its average volume of 1,475,933. GXO Logistics has a 12 month low of $34.51 and a 12 month high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company's 50-day moving average price is $44.20 and its two-hundred day moving average price is $50.69. The company has a market capitalization of $4.78 billion, a PE ratio of 44.44, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that GXO Logistics will post 2.73 EPS for the current year.

Institutional Trading of GXO Logistics

Several institutional investors have recently added to or reduced their stakes in GXO. Vanguard Group Inc. increased its position in GXO Logistics by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,332,805 shares of the company's stock worth $492,977,000 after buying an additional 212,254 shares during the period. Clearbridge Investments LLC increased its position in GXO Logistics by 3.8% during the fourth quarter. Clearbridge Investments LLC now owns 4,228,144 shares of the company's stock worth $183,924,000 after acquiring an additional 153,522 shares during the period. State Street Corp raised its stake in GXO Logistics by 1.9% in the 3rd quarter. State Street Corp now owns 3,631,328 shares of the company's stock worth $189,083,000 after purchasing an additional 66,232 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of GXO Logistics by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,798,170 shares of the company's stock worth $121,718,000 after purchasing an additional 50,682 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of GXO Logistics by 28,112.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,621,515 shares of the company's stock worth $114,036,000 after purchasing an additional 2,612,223 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors.

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.