GXO Logistics (NYSE:GXO) Price Target Cut to $45.00 by Analysts at Citigroup

GXO Logistics (NYSE:GXO) had its target price cut by Citigroup from $51.00 to $45.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Barclays lowered their target price on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. UBS Group lowered their price objective on GXO Logistics from $72.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Wells Fargo & Company reduced their target price on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Truist Financial started coverage on shares of GXO Logistics in a research report on Thursday, March 13th. They set a “hold” rating and a $40.00 price target for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.93.

GXO Logistics Stock Performance

NYSE:GXO opened at $31.58 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The firm’s fifty day simple moving average is $39.80 and its 200 day simple moving average is $47.98. The stock has a market cap of $3.77 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.56. GXO Logistics has a twelve month low of $31.31 and a twelve month high of $63.33.

GXO Logistics (NYSE:GXO) last announced its earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 1.14% and a return on equity of 11.16%. As a group, research analysts predict that GXO Logistics will post 2.49 EPS for the current year.

Institutional Trading of GXO Logistics

Institutional investors and hedge funds have recently modified their holdings of the business. Sterneck Capital Management LLC boosted its position in shares of GXO Logistics by 143.3% during the first quarter. Sterneck Capital Management LLC now owns 16,315 shares of the company’s stock valued at $638,000 after buying an additional 9,608 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in GXO Logistics during the 1st quarter valued at about $426,000. GAMMA Investing LLC boosted its holdings in shares of GXO Logistics by 6,034.9% during the 1st quarter. GAMMA Investing LLC now owns 32,515 shares of the company’s stock valued at $12,710,000 after acquiring an additional 31,985 shares during the last quarter. Boston Common Asset Management LLC bought a new stake in shares of GXO Logistics in the first quarter worth approximately $5,862,000. Finally, Jefferies Financial Group Inc. raised its holdings in shares of GXO Logistics by 740.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 62,753 shares of the company’s stock valued at $2,730,000 after purchasing an additional 55,282 shares during the last quarter. Institutional investors 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.