UBS Group Issues Pessimistic Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO) had its target price cut by UBS Group from $72.00 to $50.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on GXO. Barclays lowered their price objective on GXO Logistics from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday. TD Cowen upped their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital cut GXO Logistics from a “buy” rating to a “hold” rating and lowered their price target for the company from $71.00 to $49.00 in a report on Monday, February 3rd. 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. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target (down from $74.00) on shares of GXO Logistics in a report on Friday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and a consensus target price of $58.54.

GXO Logistics Stock Performance

GXO stock opened at $39.49 on Friday. The stock has a market capitalization of $4.72 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. GXO Logistics has a 12-month low of $34.51 and a 12-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’s 50 day simple moving average is $44.40 and its 200 day simple moving average is $50.86.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. As a group, research analysts forecast that GXO Logistics will post 2.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GXO Logistics

Several hedge funds and other institutional investors have recently modified their holdings of GXO. Stifel Financial Corp increased its stake in GXO Logistics by 95.8% in the 3rd quarter. Stifel Financial Corp now owns 76,045 shares of the company’s stock worth $3,960,000 after buying an additional 37,197 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company’s stock valued at $20,904,000 after acquiring an additional 31,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in GXO Logistics by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company’s stock valued at $26,153,000 after acquiring an additional 12,208 shares during the period. Tidal Investments LLC bought a new stake in GXO Logistics during the third quarter valued at about $667,000. Finally, Barclays PLC raised its holdings in GXO Logistics by 28.9% during the third quarter. Barclays PLC now owns 62,545 shares of the company’s stock valued at $3,256,000 after acquiring an additional 14,020 shares during the period. 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.