GXO Logistics (NYSE:GXO) Reaches New 1-Year Low – Here’s Why

Shares of GXO Logistics, Inc. (NYSE:GXO) reached a new 52-week low on Thursday . The stock traded as low as $44.51 and last traded at $44.2410, with a volume of 21408 shares. The stock had previously closed at $45.23.

Analysts Set New Price Targets

Several research firms have commented on GXO. Barclays raised shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $58.00 to $65.00 in a research note on Wednesday, May 27th. Susquehanna reduced their price target on shares of GXO Logistics from $75.00 to $62.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Stephens assumed coverage on shares of GXO Logistics in a report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price objective for the company. Oppenheimer set a $61.00 price objective on shares of GXO Logistics in a research note on Thursday, August 6th. Finally, Wall Street Zen cut GXO Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, GXO Logistics currently has an average rating of “Moderate Buy” and an average price target of $63.93.

GXO Logistics Trading Down 2.7%

The business has a fifty day moving average of $48.48 and a 200-day moving average of $50.61. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.79.

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

Institutional Trading of GXO Logistics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its stake in shares of GXO Logistics by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 2,723 shares of the company’s stock valued at $141,000 after purchasing an additional 233 shares during the last quarter. Hsbc Holdings PLC raised its stake in GXO Logistics by 3.0% during the first quarter. Hsbc Holdings PLC now owns 11,953 shares of the company’s stock worth $620,000 after buying an additional 352 shares during the last quarter. R Squared Ltd lifted its holdings in GXO Logistics by 8.3% in the first quarter. R Squared Ltd now owns 4,932 shares of the company’s stock valued at $256,000 after buying an additional 377 shares during the period. Corient Private Wealth LLC lifted its holdings in GXO Logistics by 3.0% in the fourth quarter. Corient Private Wealth LLC now owns 13,794 shares of the company’s stock valued at $726,000 after buying an additional 397 shares during the period. Finally, State of Michigan Retirement System boosted its position in GXO Logistics by 1.9% during the first quarter. State of Michigan Retirement System now owns 27,527 shares of the company’s stock valued at $1,427,000 after acquiring an additional 500 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

GXO Logistics Company Profile

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.