GXO Logistics (NYSE:GXO) Price Target Lowered to $54.00 at The Goldman Sachs Group

GXO Logistics (NYSE:GXO) had its price objective lowered by investment analysts at The Goldman Sachs Group from $63.00 to $54.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 20.29% from the stock’s previous close.

A number of other analysts have also weighed in on GXO. Oppenheimer upped their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Susquehanna cut their price objective on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. TD Cowen upped their target price on GXO Logistics from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup initiated coverage on GXO Logistics in a report on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, UBS Group boosted their price target on GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has an average rating of “Moderate Buy” and an average price target of $65.38.

GXO Logistics Stock Up 3.1 %

NYSE:GXO opened at $44.89 on Thursday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. GXO Logistics has a twelve month low of $41.38 and a twelve month high of $63.33. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $51.18 and a 200-day simple moving average of $52.17.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Analysts anticipate that GXO Logistics will post 2.74 EPS for the current year.

Institutional Investors Weigh In On GXO Logistics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GXO. DekaBank Deutsche Girozentrale acquired a new position in shares of GXO Logistics during the third quarter valued at about $28,000. UMB Bank n.a. grew its position in GXO Logistics by 111.4% during the 3rd quarter. UMB Bank n.a. now owns 628 shares of the company’s stock worth $33,000 after purchasing an additional 331 shares during the last quarter. Signaturefd LLC grew its position in GXO Logistics by 37.2% during the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock worth $48,000 after purchasing an additional 249 shares during the last quarter. Hara Capital LLC acquired a new position in GXO Logistics during the 3rd quarter valued at approximately $50,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of GXO Logistics by 37.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,032 shares of the company’s stock worth $54,000 after buying an additional 282 shares during the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

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.