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

The Goldman Sachs Group downgraded shares of GXO Logistics (NYSE:GXO) from a buy rating to a neutral rating in a research report report published on Wednesday morning, Marketbeat.com reports. The firm currently has $68.00 target price on the stock.

Several other equities research analysts also recently commented on GXO. UBS Group lifted their price objective on GXO Logistics from $63.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Weiss Ratings downgraded shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Morgan Stanley reissued an “overweight” rating and set a $75.00 price objective on shares of GXO Logistics in a report on Tuesday, February 17th. Wells Fargo & Company boosted their target price on shares of GXO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.17.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $59.79 on Wednesday. GXO Logistics has a twelve month low of $30.46 and a twelve month high of $66.85. The firm has a market cap of $6.86 billion, a P/E ratio of 199.30, a PEG ratio of 2.06 and a beta of 1.62. The company has a 50 day moving average of $58.66 and a 200 day moving average of $54.52. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

GXO Logistics (NYSE:GXO) last issued its earnings results on Tuesday, February 10th. The company reported $0.87 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts expect that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC raised its stake in GXO Logistics by 1.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,319 shares of the company’s stock worth $599,000 after acquiring an additional 202 shares during the period. GAMMA Investing LLC raised its position in shares of GXO Logistics by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 1,634 shares of the company’s stock valued at $86,000 after purchasing an additional 205 shares during the period. Fifth Third Bancorp raised its position in shares of GXO Logistics by 22.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,213 shares of the company’s stock valued at $64,000 after purchasing an additional 219 shares during the period. First Bank & Trust lifted its stake in shares of GXO Logistics by 4.0% during the 4th quarter. First Bank & Trust now owns 5,696 shares of the company’s stock valued at $300,000 after buying an additional 219 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in GXO Logistics by 15.2% in the 4th quarter. UMB Bank n.a. now owns 1,674 shares of the company’s stock worth $88,000 after buying an additional 221 shares during the period. 90.67% of the stock is owned by hedge funds and other institutional investors.

GXO Logistics Company Profile

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.