GXO Logistics (NYSE:GXO) Hits New 52-Week Low on Analyst Downgrade

GXO Logistics, Inc. (NYSE:GXO)’s stock price reached a new 52-week low 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.

GXO has been the subject of a number of other reports. TD Cowen lifted their price objective on shares of GXO Logistics from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. dropped their target price on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. BNP Paribas raised GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a report on Wednesday, March 27th. Susquehanna lifted their target price on GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. Finally, Citigroup dropped their target price on GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus target price of $69.54.

Insider Activity at GXO Logistics

In other GXO Logistics news, Director Gena L. Ashe sold 4,737 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now owns 20,851 shares of the company’s stock, valued at $1,042,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Norden Group LLC acquired a new position in GXO Logistics during the first quarter worth about $697,000. State of Michigan Retirement System grew its holdings in shares of GXO Logistics by 2.5% during the first quarter. State of Michigan Retirement System now owns 29,227 shares of the company’s stock worth $1,571,000 after purchasing an additional 700 shares during the last quarter. Blue Zone Wealth Advisors LLC grew its holdings in shares of GXO Logistics by 0.5% during the first quarter. Blue Zone Wealth Advisors LLC now owns 46,898 shares of the company’s stock worth $2,521,000 after purchasing an additional 229 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of GXO Logistics by 21.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 21,487 shares of the company’s stock worth $1,155,000 after purchasing an additional 3,740 shares during the last quarter. Finally, New England Research & Management Inc. grew its holdings in shares of GXO Logistics by 82.4% during the first quarter. New England Research & Management Inc. now owns 17,375 shares of the company’s stock worth $934,000 after purchasing an additional 7,850 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Stock Performance

The company has a market capitalization of $5.94 billion, a P/E ratio of 26.03, a PEG ratio of 2.06 and a beta of 1.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty day moving average price of $51.53 and a two-hundred day moving average price of $54.72.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $2.59 billion for 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%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. Equities analysts forecast that GXO Logistics, Inc. will post 2.77 earnings per share for the current fiscal year.

GXO Logistics Company Profile

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.