GXO Logistics (NYSE:GXO) Sets New 52-Week Low at $36.44

GXO Logistics, Inc. (NYSE:GXOGet Rating)’s share price hit a new 52-week low on Friday . The stock traded as low as $36.44 and last traded at $36.53, with a volume of 2793 shares. The stock had previously closed at $38.70.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of GXO Logistics from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 4th. Susquehanna boosted their price objective on shares of GXO Logistics from $61.00 to $65.00 in a research note on Thursday, August 4th. Susquehanna Bancshares boosted their price objective on shares of GXO Logistics from $61.00 to $65.00 in a research note on Thursday, August 4th. Cowen upped their price target on shares of GXO Logistics from $64.00 to $67.00 in a research report on Thursday, August 4th. Finally, Citigroup upped their price target on shares of GXO Logistics to $61.00 in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.65.

GXO Logistics Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $4.41 billion and a price-to-earnings ratio of 20.81. The stock’s fifty day moving average is $45.49 and its two-hundred day moving average is $53.31.

GXO Logistics (NYSE:GXOGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. GXO Logistics had a net margin of 2.55% and a return on equity of 12.25%. Sell-side analysts predict that GXO Logistics, Inc. will post 2.82 earnings per share for the current fiscal year.

Insider Buying and Selling at GXO Logistics

In other news, Director S Jacobs Bradley sold 5,167,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $48.35, for a total transaction of $249,848,625.00. Following the completion of the sale, the director now owns 1,300,701 shares in the company, valued at approximately $62,888,893.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.10% of the company’s stock.

Institutional Investors Weigh In On GXO Logistics

Large investors have recently modified their holdings of the stock. Ellevest Inc. lifted its holdings in shares of GXO Logistics by 337.7% during the 2nd quarter. Ellevest Inc. now owns 696 shares of the company’s stock worth $30,000 after acquiring an additional 537 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of GXO Logistics during the 1st quarter valued at about $31,000. Point72 Hong Kong Ltd bought a new stake in GXO Logistics during the fourth quarter worth about $37,000. Geneos Wealth Management Inc. bought a new stake in GXO Logistics during the first quarter worth about $39,000. Finally, Repertoire Partners LP bought a new stake in GXO Logistics during the second quarter worth about $43,000. Hedge funds and other institutional investors own 83.54% of the company’s stock.

GXO Logistics Company Profile

(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.

Further Reading

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