GXO Logistics (NYSE:GXO) Hits New 1-Year Low – Here’s Why

GXO Logistics, Inc. (NYSE:GXO)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $33.38 and last traded at $34.06, with a volume of 145230 shares changing hands. The stock had previously closed at $36.30.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GXO shares. Truist Financial started coverage on GXO Logistics in a research note on Thursday, March 13th. They issued a “hold” rating and a $40.00 price objective for the company. Morgan Stanley cut their price objective on shares of GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research report on Friday, February 14th. Oppenheimer dropped their target price on shares of GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Finally, Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and an average target price of $56.00.

GXO Logistics Trading Down 5.7 %

The stock has a fifty day moving average price of $40.61 and a 200 day moving average price of $48.40. The stock has a market cap of $4.09 billion, a PE ratio of 30.57, a PEG ratio of 1.34 and a beta of 1.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.86 and a current ratio of 0.83.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. Equities analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its stake in shares of GXO Logistics by 95.8% during the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after acquiring an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock worth $20,904,000 after purchasing an additional 31,015 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of GXO Logistics during the third quarter valued at $667,000. Barclays PLC grew its holdings in shares of GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock worth $3,256,000 after purchasing an additional 14,020 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in GXO Logistics by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,920 shares of the company’s stock worth $103,279,000 after buying an additional 29,992 shares during the period. Hedge funds and other 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.