Truist Financial Has Lowered Expectations for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its price objective cut by research analysts at Truist Financial from $40.00 to $35.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential downside of 2.18% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a research note on Friday, February 14th. Oppenheimer cut their price target on GXO Logistics from $67.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Barclays decreased 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. Deutsche Bank Aktiengesellschaft started coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a “hold” rating and a $45.00 price target for the company. Finally, Morgan Stanley lowered their price target on GXO Logistics from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.57.

GXO Logistics Stock Down 1.9 %

Shares of NYSE:GXO opened at $35.78 on Thursday. 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 stock has a market cap of $4.19 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 1.34 and a beta of 1.56. The business’s 50 day moving average is $37.53 and its 200 day moving average is $46.46. GXO Logistics has a 12-month low of $30.46 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. On average, sell-side analysts forecast that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Trading of GXO Logistics

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after acquiring an additional 302 shares during the period. Golden State Wealth Management LLC purchased a new position in GXO Logistics during the 1st quarter valued at about $34,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $41,000. Summit Securities Group LLC boosted its holdings in GXO Logistics by 870.9% in the fourth quarter. Summit Securities Group LLC now owns 1,000 shares of the company’s stock worth $44,000 after acquiring an additional 897 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in GXO Logistics during the 4th quarter valued at about $54,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

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.