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GXO Logistics (NYSE:GXO – Get Rating) had its target price lowered by analysts at Morgan Stanley from $67.00 to $45.00 in a research report issued on Monday, Stock Target Advisor reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 22.48% from the company’s current price.
GXO has been the topic of several other reports. Barclays cut their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 12th. Credit Suisse Group dropped their price target on GXO Logistics from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, September 26th. Citigroup raised their price target on GXO Logistics to $61.00 in a research note on Tuesday, August 9th. Susquehanna raised their price target on GXO Logistics from $61.00 to $65.00 in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. dropped their price target on GXO Logistics from $83.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.75.
GXO Logistics Stock Up 4.8 %
GXO traded up $1.68 during trading on Monday, hitting $36.74. 5,930 shares of the company’s stock traded hands, compared to its average volume of 1,096,272. The company’s 50 day simple moving average is $44.77 and its two-hundred day simple moving average is $51.67. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.70. GXO Logistics has a 12-month low of $34.67 and a 12-month high of $105.92. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.04 and a beta of 1.36.
GXO Logistics (NYSE:GXO – Get Rating) last issued its earnings results on Tuesday, August 2nd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.63 by $0.05. GXO Logistics had a return on equity of 12.25% and a net margin of 2.55%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Analysts predict that GXO Logistics will post 2.82 earnings per share for the current fiscal year.
Insider Buying and Selling
In other GXO Logistics news, Director S Jacobs Bradley sold 5,167,500 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $48.35, for a total transaction of $249,848,625.00. Following the sale, the director now directly owns 1,300,701 shares of the company’s stock, valued at $62,888,893.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.10% of the stock is owned by insiders.
Institutional Investors Weigh In On GXO Logistics
A number of institutional investors and hedge funds have recently bought and sold shares of GXO. Pendal Group Ltd raised its holdings in GXO Logistics by 128.0% during the second quarter. Pendal Group Ltd now owns 3,248,753 shares of the company’s stock valued at $140,574,000 after acquiring an additional 1,824,003 shares during the period. BlackRock Inc. grew its position in shares of GXO Logistics by 10.1% during the first quarter. BlackRock Inc. now owns 11,164,769 shares of the company’s stock valued at $796,492,000 after purchasing an additional 1,023,715 shares in the last quarter. Mar Vista Investment Partners LLC purchased a new position in shares of GXO Logistics during the first quarter valued at about $71,087,000. American Century Companies Inc. grew its position in shares of GXO Logistics by 33.3% during the first quarter. American Century Companies Inc. now owns 3,719,572 shares of the company’s stock valued at $265,354,000 after purchasing an additional 929,177 shares in the last quarter. Finally, Gates Capital Management Inc. grew its position in shares of GXO Logistics by 20.5% during the first quarter. Gates Capital Management Inc. now owns 2,206,084 shares of the company’s stock valued at $157,382,000 after purchasing an additional 376,040 shares in the last quarter. 83.54% of the stock is owned by institutional investors.
About GXO Logistics
(Get Rating)
GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.
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