GXO Logistics (NYSE:GXO) Cut to “Hold” at Wall Street Zen

GXO Logistics (NYSE:GXO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other research analysts have also commented on the stock. Stifel Nicolaus set a $71.00 price objective on shares of GXO Logistics in a research note on Thursday, May 7th. Wells Fargo & Company lowered their target price on shares of GXO Logistics from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $65.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.92.

GXO Logistics Stock Performance

Shares of GXO Logistics stock opened at $52.00 on Friday. The company has a market capitalization of $5.98 billion, a PE ratio of 45.62, a P/E/G ratio of 1.72 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50-day simple moving average of $50.35 and a two-hundred day simple moving average of $54.36. GXO Logistics has a one year low of $45.40 and a one year high of $66.85.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Research analysts expect that GXO Logistics will post 3.07 EPS for the current fiscal year.

Hedge Funds Weigh In On GXO Logistics

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in GXO Logistics by 29.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock worth $1,568,000 after purchasing an additional 9,134 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in GXO Logistics by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock valued at $14,741,000 after purchasing an additional 8,670 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of GXO Logistics by 4,775.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock worth $78,000 after buying an additional 1,958 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of GXO Logistics by 2.0% in the second quarter. Hsbc Holdings PLC now owns 12,780 shares of the company’s stock worth $622,000 after buying an additional 253 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of GXO Logistics during the second quarter worth $271,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.