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

Loop Capital cut shares of GXO Logistics (NYSE:GXO) from a buy rating to a hold rating in a research note issued to investors on Monday, Marketbeat reports. They currently have $49.00 price target on the stock, down from their prior price target of $71.00.

Several other equities research analysts have also commented on GXO. Citigroup began coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. Oppenheimer lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays decreased their price target on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. The Goldman Sachs Group cut their price objective on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen increased their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.46.

GXO Logistics Trading Down 1.9 %

Shares of NYSE GXO opened at $44.11 on Monday. GXO Logistics has a 12-month low of $41.38 and a 12-month high of $63.33. The company 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 current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $46.39 and its 200 day simple moving average is $51.47.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Monday, November 4th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Equities research analysts expect that GXO Logistics will post 2.73 EPS for the current year.

Hedge Funds Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GXO. Creative Planning grew its holdings in shares of GXO Logistics by 34.6% during the second quarter. Creative Planning now owns 12,700 shares of the company’s stock valued at $641,000 after buying an additional 3,262 shares in the last quarter. Security National Bank boosted its position in GXO Logistics by 0.7% during the 3rd quarter. Security National Bank now owns 73,790 shares of the company’s stock worth $3,842,000 after acquiring an additional 513 shares during the period. Blue Zone Wealth Advisors LLC boosted its holdings in shares of GXO Logistics by 2.2% during the third quarter. Blue Zone Wealth Advisors LLC now owns 47,942 shares of the company’s stock worth $2,496,000 after purchasing an additional 1,031 shares during the period. Atomi Financial Group Inc. acquired a new position in GXO Logistics in the 3rd quarter valued at approximately $209,000. Finally, Daymark Wealth Partners LLC lifted its position in GXO Logistics by 37.3% in the 3rd quarter. Daymark Wealth Partners LLC now owns 8,396 shares of the company’s stock worth $437,000 after buying an additional 2,282 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

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.