GXO Logistics (NYSE:GXO) Price Target Lowered to $50.00 at UBS Group

GXO Logistics (NYSE:GXO) had its price objective decreased by equities research analysts at UBS Group from $72.00 to $50.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 26.61% from the company’s previous close.

Several other equities research analysts have also recently weighed in on GXO. Oppenheimer upped their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital lowered shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $71.00 to $49.00 in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research note on Friday. Finally, The Goldman Sachs Group dropped their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Stock Performance

NYSE GXO opened at $39.49 on Friday. The firm has a 50-day moving average price of $44.40 and a two-hundred day moving average price of $50.83. GXO Logistics has a 12-month low of $34.51 and a 12-month high of $63.33. The company has a market capitalization of $4.72 billion, a P/E ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO) last issued its quarterly 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%. Analysts anticipate that GXO Logistics will post 2.73 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new stake in shares of GXO Logistics in the third quarter worth $28,000. Signaturefd LLC increased its stake in shares of GXO Logistics by 37.2% in the third quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of GXO Logistics during the fourth quarter worth about $41,000. Hara Capital LLC acquired a new position in shares of GXO Logistics in the third quarter worth approximately $50,000. Finally, Summit Securities Group LLC boosted its holdings in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock valued at $44,000 after acquiring an additional 897 shares during the last quarter. Institutional investors 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.