GXO Logistics (NYSE:GXO) Reaches New 1-Year Low on Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week low during 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 changing hands. The stock had previously closed at $48.85.

A number of other analysts have also commented on the company. 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. Stifel Nicolaus lifted their price objective on GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Susquehanna lifted their price objective on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating 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 objective on the stock in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. cut their target price on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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 stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the sale, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in shares of GXO Logistics by 217.2% in the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the company’s stock worth $27,000 after purchasing an additional 291 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of GXO Logistics in the third quarter worth about $31,000. Geneos Wealth Management Inc. purchased a new position in shares of GXO Logistics in the first quarter worth about $39,000. Nomura Asset Management Co. Ltd. raised its stake in shares of GXO Logistics by 58.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 870 shares of the company’s stock worth $44,000 after purchasing an additional 320 shares during the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of GXO Logistics in the second quarter worth about $48,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Stock Performance

The stock has a market capitalization of $5.75 billion, a PE ratio of 25.21, a PEG ratio of 2.11 and a beta of 1.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $51.67 and a 200-day moving average price of $54.77.

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

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.