GXO Logistics (NYSE:GXO) Given New $55.00 Price Target at Oppenheimer

GXO Logistics (NYSE:GXO) had its target price cut by Oppenheimer from $67.00 to $55.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on GXO. Barclays reduced their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. UBS Group dropped their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group dropped their price objective on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Morgan Stanley dropped their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, TD Cowen increased their price objective on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.62.

GXO Logistics Stock Up 4.2 %

Shares of NYSE:GXO opened at $41.07 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $44.03 and a two-hundred day moving average of $50.61. The stock has a market cap of $4.91 billion, a P/E ratio of 45.63, a PEG ratio of 1.19 and a beta of 1.60. GXO Logistics has a 52-week low of $34.51 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO) last posted its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts expect that GXO Logistics will post 2.73 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Several hedge funds and other institutional investors have recently bought and sold shares of GXO. CWM LLC raised its holdings in GXO Logistics by 13.8% during the third quarter. CWM LLC now owns 1,961 shares of the company’s stock worth $102,000 after purchasing an additional 238 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in GXO Logistics during the third quarter worth $201,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in GXO Logistics by 1.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,276 shares of the company’s stock worth $2,410,000 after purchasing an additional 504 shares during the last quarter. Raymond James & Associates raised its holdings in GXO Logistics by 16.3% during the third quarter. Raymond James & Associates now owns 466,749 shares of the company’s stock worth $24,304,000 after purchasing an additional 65,534 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in GXO Logistics by 37.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

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.