GXO Logistics (NYSE:GXO) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of GXO Logistics (NYSE:GXO) in a report published on Thursday, MarketBeat reports. The brokerage issued a hold rating and a $40.00 price objective on the stock.

A number of other equities research analysts have also recently commented on the company. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and decreased their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target (down from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of GXO Logistics in a report on Friday, March 7th. They set a “hold” rating and a $45.00 price objective for the company. UBS Group lowered their target price on shares of GXO Logistics from $72.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Barclays cut their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.60.

GXO Logistics Stock Up 2.9 %

GXO stock opened at $40.26 on Thursday. The business’s 50-day moving average price is $42.08 and its 200-day moving average price is $49.43. The stock has a market cap of $4.81 billion, a P/E ratio of 35.94, a PEG ratio of 1.34 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. GXO Logistics has a twelve month low of $34.51 and a twelve month high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that GXO Logistics will post 2.49 EPS for the current year.

Hedge Funds Weigh In On GXO Logistics

Several large investors have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new position in GXO Logistics during the fourth quarter worth $41,000. Summit Securities Group LLC raised its position in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after purchasing an additional 897 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in GXO Logistics by 33.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 290 shares during the last quarter. Quarry LP grew its stake in shares of GXO Logistics by 1,334.9% during the fourth quarter. Quarry LP now owns 1,234 shares of the company’s stock valued at $54,000 after buying an additional 1,148 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of GXO Logistics in the fourth quarter worth approximately $54,000. 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.