GXO Logistics (NYSE:GXO) Sets New 52-Week Low – What’s Next?

GXO Logistics, Inc. (NYSE:GXO) shares hit a new 52-week low on Monday . The company traded as low as $44.99 and last traded at $45.5150, with a volume of 36972 shares trading hands. The stock had previously closed at $45.84.

Analysts Set New Price Targets

A number of equities analysts have commented on GXO shares. Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, May 27th. Wells Fargo & Company assumed coverage on shares of GXO Logistics in a research report on Tuesday, July 28th. They set an “overweight” rating and a $18.00 price objective on the stock. Citizens Jmp started coverage on shares of GXO Logistics in a report on Wednesday, July 15th. They set a “market perform” rating and a $80.00 price objective for the company. Susquehanna dropped their price objective on shares of GXO Logistics from $75.00 to $62.00 and set a “positive” rating for the company in a report on Thursday, August 6th. Finally, Citigroup started coverage on GXO Logistics in a research note on Wednesday, July 15th. They issued a “market outperform” rating on the stock. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.93.

GXO Logistics Price Performance

The firm’s 50 day simple moving average is $49.23 and its two-hundred day simple moving average is $51.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $5.20 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.42 and a beta of 1.54.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.46 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. GXO Logistics has set its FY 2026 guidance at 2.950-3.150 EPS. As a group, analysts predict that GXO Logistics, Inc. will post 3.06 earnings per share for the current year.

Hedge Funds Weigh In On GXO Logistics

Several institutional investors and hedge funds have recently bought and sold shares of GXO. California State Teachers Retirement System lifted its position in GXO Logistics by 4,908.8% in the second quarter. California State Teachers Retirement System now owns 6,700,309 shares of the company’s stock valued at $339,706,000 after purchasing an additional 6,566,539 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of GXO Logistics in the fourth quarter worth $181,648,000. Victory Capital Management Inc. increased its stake in shares of GXO Logistics by 1,168.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock worth $62,706,000 after buying an additional 1,097,298 shares during the period. Norges Bank bought a new stake in GXO Logistics during the 4th quarter valued at $57,598,000. Finally, Milford Funds Ltd. bought a new stake in GXO Logistics during the 4th quarter valued at $43,250,000. 90.67% of the stock is currently owned by institutional investors.

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a global contract logistics company that manages supply chain operations for businesses across a range of industries. Its services include warehousing, distribution, order fulfillment, inventory management, transportation management and reverse logistics.

The company uses technology, automation and data analytics to operate logistics facilities and support the movement of goods from manufacturers and suppliers to retailers, businesses and consumers. GXO serves customers in sectors such as retail and e-commerce, consumer goods, food and beverage, technology, healthcare, industrial manufacturing and automotive.

GXO was established as an independent public company in 2021 through the spin-off of XPO, Inc’s logistics business.