GXO Logistics (NYSE:GXO) Price Target Lowered to $50.00 at UBS Group

GXO Logistics (NYSE:GXO) had its target price reduced by UBS Group from $72.00 to $50.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

GXO has been the topic of several other research reports. Wells Fargo & Company decreased their price objective on GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday. Morgan Stanley decreased their price objective on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday. TD Cowen lifted 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. Stifel Nicolaus restated 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. Finally, Barclays reduced their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Trading Up 8.8 %

Shares of GXO stock opened at $39.49 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $44.40 and a two-hundred day moving average price of $50.86. GXO Logistics has a 12-month low of $34.51 and a 12-month high of $63.33. The firm has a market cap of $4.72 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping 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%. Equities analysts anticipate that GXO Logistics will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp grew its holdings 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 boosted its position in shares of GXO Logistics by 6.9% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of GXO Logistics by 2.5% in 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 in the last quarter. Tidal Investments LLC bought a new stake in shares of GXO Logistics in the 3rd quarter worth approximately $667,000. Finally, Barclays PLC boosted its position in shares of GXO Logistics by 28.9% in the 3rd quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after purchasing an additional 14,020 shares in the last quarter. Hedge funds and other 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.