UBS Group Has Lowered Expectations for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its price target decreased by research analysts at UBS Group from $72.00 to $50.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 26.61% from the stock’s current price.

Several other research firms also recently issued reports on GXO. Barclays dropped their price target on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. TD Cowen boosted their target price on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company decreased their price target on shares of GXO Logistics from $60.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday. Oppenheimer boosted their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group decreased their target price on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average price target of $58.54.

GXO Logistics Price Performance

Shares of GXO opened at $39.49 on Friday. The stock has a 50 day simple moving average of $44.40 and a 200 day simple moving average of $50.83. GXO Logistics has a 52-week low of $34.51 and a 52-week high of $63.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $4.72 billion, a PE ratio of 43.88, a P/E/G ratio of 1.19 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last released 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 0.97% and a return on equity of 10.03%. Sell-side analysts predict that GXO Logistics will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GXO. DekaBank Deutsche Girozentrale bought a new position in GXO Logistics during the third quarter worth $28,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of GXO Logistics during the 4th quarter worth about $41,000. Summit Securities Group LLC grew its stake in GXO Logistics by 870.9% in the 4th 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 last quarter. Signaturefd LLC raised its holdings in GXO Logistics by 37.2% in the 3rd quarter. Signaturefd LLC now owns 918 shares of the company’s stock valued at $48,000 after acquiring an additional 249 shares during the period. Finally, Hara Capital LLC acquired a new stake in GXO Logistics during the third quarter worth approximately $50,000. 90.67% of the stock is currently owned by 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.