Wells Fargo & Company Lowers GXO Logistics (NYSE:GXO) Price Target to $44.00

GXO Logistics (NYSE:GXO - Get Free Report) had its price target cut by analysts at Wells Fargo & Company from $60.00 to $44.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 10.03% from the company's previous close.

A number of other equities analysts have also recently commented on GXO. Stifel Nicolaus reissued a "buy" rating and set a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a report on Friday. Oppenheimer boosted their price target on GXO Logistics from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. TD Cowen boosted their price target on GXO Logistics from $82.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. UBS Group boosted their price objective on GXO Logistics from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley reduced their price objective on GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday. Four equities research 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 $58.54.

GXO Logistics Stock Performance

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. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 1.19 and a beta of 1.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50 day moving average price of $44.20 and a 200-day moving average price of $50.69. GXO Logistics has a one year low of $34.51 and a one year high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data 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 10.03% and a net margin of 0.97%. As a group, research analysts predict that GXO Logistics will post 2.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics during the 3rd quarter worth approximately $28,000. Murphy & Mullick Capital Management Corp acquired a new position in GXO Logistics during the 4th quarter worth approximately $41,000. Summit Securities Group LLC raised its stake in GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock worth $44,000 after buying an additional 897 shares during the period. Signaturefd LLC raised its stake 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 buying an additional 249 shares during the period. Finally, Hara Capital LLC acquired a new position in GXO Logistics during the 3rd quarter worth approximately $50,000. 90.67% of the stock is owned by institutional investors and hedge funds.

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.