GXO Logistics (NYSE:GXO) Hits New 52-Week Low on Analyst Downgrade

Shares of GXO Logistics, Inc. (NYSE:GXO) hit a new 52-week low during mid-day trading on Thursday after Loop Capital lowered their price target on the stock from $76.00 to $74.00. Loop Capital currently has a buy rating on the stock. GXO Logistics traded as low as $48.11 and last traded at $48.16, with a volume of 689479 shares. The stock had previously closed at $48.85.

Several other brokerages have also issued reports on GXO. Citigroup dropped their price target on GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Wednesday, March 27th. Stifel Nicolaus lifted their price target on GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. TD Cowen lifted their price target on GXO Logistics from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Susquehanna boosted their target price on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GXO. Norges Bank bought a new position in GXO Logistics during the 4th quarter valued at approximately $65,002,000. Morgan Stanley raised its position in GXO Logistics by 58.9% during the 4th quarter. Morgan Stanley now owns 2,746,808 shares of the company’s stock valued at $117,261,000 after purchasing an additional 1,017,980 shares during the last quarter. Mar Vista Investment Partners LLC bought a new position in GXO Logistics during the 1st quarter valued at approximately $71,087,000. Vanguard Group Inc. grew its holdings in shares of GXO Logistics by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,796,129 shares of the company’s stock worth $378,512,000 after acquiring an additional 870,382 shares during the period. Finally, Fort Pitt Capital Group LLC grew its holdings in shares of GXO Logistics by 60.4% during the 1st quarter. Fort Pitt Capital Group LLC now owns 1,853,549 shares of the company’s stock worth $99,647,000 after acquiring an additional 698,180 shares during the period. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Price Performance

The business has a fifty day simple moving average of $51.53 and a two-hundred day simple moving average of $54.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The stock has a market cap of $5.94 billion, a PE ratio of 26.03, a P/E/G ratio of 2.06 and a beta of 1.64.

GXO Logistics (NYSE:GXO) last posted its earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts forecast that GXO Logistics, Inc. will post 2.77 earnings per share for the current year.

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.