GXO Logistics (NYSE:GXO) Given New $44.00 Price Target at Wells Fargo & Company

GXO Logistics (NYSE:GXO) had its price objective cut by Wells Fargo & Company from $60.00 to $44.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the company. Oppenheimer upped 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. The Goldman Sachs Group cut their target price 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. Morgan Stanley cut their target price on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday. Loop Capital downgraded GXO Logistics from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Finally, Barclays lowered their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.54.

GXO Logistics Stock Performance

GXO opened at $39.49 on Friday. The business has a fifty day simple moving average of $44.40 and a 200 day simple moving average of $50.86. The company has a market capitalization of $4.72 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics has a 1 year low of $34.51 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.86.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that GXO Logistics will post 2.73 EPS for the current year.

Hedge Funds Weigh In On GXO Logistics

Institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in GXO Logistics in the 3rd quarter worth about $28,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of GXO Logistics in the fourth quarter valued at about $41,000. Summit Securities Group LLC increased its stake in shares of 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 buying an additional 897 shares during the period. 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. Finally, Hara Capital LLC acquired a new stake in shares of GXO Logistics in the third quarter valued at about $50,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

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.