GXO Logistics (NYSE:GXO) Lowered to Neutral Rating by The Goldman Sachs Group

GXO Logistics (NYSE:GXO) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a $68.00 price target on the stock. The Goldman Sachs Group’s price target points to a potential upside of 11.59% from the company’s previous close.

GXO has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price target on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Citigroup upped their price objective on GXO Logistics from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft raised GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Thursday, November 6th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $82.00 price target on shares of GXO Logistics in a report on Thursday, February 12th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average price target of $69.17.

GXO Logistics Trading Down 3.8%

GXO opened at $60.94 on Wednesday. The business has a fifty day moving average price of $58.55 and a 200 day moving average price of $54.48. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.85. GXO Logistics has a 12 month low of $30.46 and a 12 month high of $66.85. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 203.13, a PEG ratio of 2.14 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. GXO Logistics had a return on equity of 9.83% and a net margin of 0.24%.During the same period last year, the company posted $1.00 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that GXO Logistics will post 2.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GXO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in GXO Logistics by 29.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,867 shares of the company’s stock valued at $1,568,000 after buying an additional 9,134 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of GXO Logistics by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 377,211 shares of the company’s stock valued at $14,741,000 after acquiring an additional 8,670 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of GXO Logistics by 4,775.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after acquiring an additional 1,958 shares during the period. Nisa Investment Advisors LLC raised its position in GXO Logistics by 24.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,604 shares of the company’s stock valued at $127,000 after purchasing an additional 515 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in GXO Logistics by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,797 shares of the company’s stock worth $3,107,000 after purchasing an additional 3,914 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.