GXO Logistics (NYSE:GXO) Price Target Cut to $91.00 by Analysts at Oppenheimer

GXO Logistics (NYSE:GXOGet Rating) had its price objective cut by analysts at Oppenheimer from $108.00 to $91.00 in a research report issued to clients and investors on Monday, The Fly reports. Oppenheimer’s target price points to a potential upside of 50.71% from the stock’s previous close.

A number of other equities analysts also recently issued reports on GXO. Morgan Stanley upped their price target on GXO Logistics from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Monday, April 4th. Stifel Nicolaus began coverage on GXO Logistics in a research report on Tuesday, March 1st. They set a “buy” rating and a $94.00 price target on the stock. Wells Fargo & Company upped their price target on GXO Logistics from $105.00 to $110.00 in a research report on Thursday, February 17th. Zacks Investment Research downgraded GXO Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, February 15th. Finally, JPMorgan Chase & Co. cut their target price on GXO Logistics from $100.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $98.00.

Shares of GXO stock opened at $60.38 on Monday. The stock’s 50-day moving average is $67.51 and its 200 day moving average is $81.37. GXO Logistics has a 1-year low of $48.38 and a 1-year high of $105.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.90. The company has a market cap of $6.93 billion and a P/E ratio of 39.72.

GXO Logistics (NYSE:GXOGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. GXO Logistics had a net margin of 2.15% and a return on equity of 9.11%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $0.37 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. On average, analysts anticipate that GXO Logistics will post 2.83 EPS for the current year.

In other GXO Logistics news, Director Gena L. Ashe sold 3,527 shares of the stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $80.00, for a total transaction of $282,160.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director S Jacobs Bradley sold 5,447,500 shares of the stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of $57.24, for a total value of $311,814,900.00. Following the sale, the director now directly owns 6,468,201 shares in the company, valued at $370,239,825.24. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of GXO. BlackRock Inc. lifted its stake in GXO Logistics by 18.4% in the 4th quarter. BlackRock Inc. now owns 10,141,054 shares of the company’s stock valued at $921,111,000 after buying an additional 1,574,279 shares in the last quarter. American Century Companies Inc. lifted its stake in GXO Logistics by 51.2% in the 4th quarter. American Century Companies Inc. now owns 2,790,395 shares of the company’s stock valued at $253,452,000 after buying an additional 945,283 shares in the last quarter. State Street Corp lifted its stake in GXO Logistics by 9.2% in the 4th quarter. State Street Corp now owns 2,753,461 shares of the company’s stock valued at $250,097,000 after buying an additional 233,065 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in GXO Logistics by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,117,587 shares of the company’s stock valued at $192,343,000 after buying an additional 16,558 shares in the last quarter. Finally, Lyrical Asset Management LP purchased a new position in GXO Logistics in the 3rd quarter valued at about $154,846,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

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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