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

GXO Logistics (NYSE:GXO) was downgraded by research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, Marketbeat reports. They currently have a $68.00 target price on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 15.04% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price target on shares of GXO Logistics in a report on Tuesday, February 17th. Stifel Nicolaus set a $70.00 price objective on shares of GXO Logistics in a research note on Thursday, February 12th. Wells Fargo & Company raised their target price on GXO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, UBS Group upped their price target on GXO Logistics from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.17.

GXO Logistics Trading Down 1.2%

Shares of GXO stock opened at $59.11 on Wednesday. GXO Logistics has a twelve month low of $30.46 and a twelve month high of $66.85. The stock’s fifty day simple moving average is $58.75 and its 200 day simple moving average is $54.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.78 billion, a P/E ratio of 197.03, a P/E/G ratio of 2.03 and a beta of 1.62.

GXO Logistics (NYSE:GXO) last posted 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%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, sell-side analysts predict that GXO Logistics will post 2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP grew its stake in GXO Logistics by 175.0% during the third quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 329 shares during the period. Accredited Wealth Management LLC boosted its holdings in shares of GXO Logistics by 1,100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 600 shares of the company’s stock worth $32,000 after buying an additional 550 shares in the last quarter. Chapman Financial Group LLC acquired a new stake in shares of GXO Logistics during the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC increased its stake in shares of GXO Logistics by 177.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 767 shares of the company’s stock valued at $41,000 after acquiring an additional 491 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of GXO Logistics by 1,964.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 929 shares of the company’s stock valued at $45,000 after acquiring an additional 884 shares in the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

About GXO Logistics

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.