GXO Logistics (NYSE:GXO) Price Target Lowered to $44.00 at Wells Fargo & Company

GXO Logistics (NYSE:GXO) had its target price decreased by Wells Fargo & Company from $60.00 to $44.00 in a research report sent to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Barclays cut their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday. TD Cowen lifted their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Loop Capital lowered GXO Logistics from a “buy” rating to a “hold” rating and dropped their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Oppenheimer lifted their target price on GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley dropped their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Price Performance

Shares of GXO opened at $39.49 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics has a 1 year low of $34.51 and a 1 year high of $63.33. The stock 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. The stock’s 50-day moving average price is $44.40 and its two-hundred day moving average price is $50.86.

GXO Logistics (NYSE:GXO) last issued its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. On average, equities analysts predict that GXO Logistics will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the 3rd quarter worth approximately $28,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics during the 4th quarter worth approximately $41,000. Summit Securities Group LLC increased its holdings in shares of GXO Logistics by 870.9% during the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after acquiring an additional 897 shares during the last quarter. Signaturefd LLC increased its holdings in shares of GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in shares of GXO Logistics during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds 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.