Deutsche Bank Initiates Coverage on GXO Logistics with a Hold Rating

On Friday, analysts at Deutsche Bank Aktiengesellschaft announced that they have begun covering shares of GXO Logistics (NYSE:GXO). In their research note, they assigned a "hold" rating to the stock and set a price target of $45.00. This target implies a potential upside of about 17.34% from the stock's current price.

Other investment firms have also provided recent insights into GXO Logistics. On January 16th, The Goldman Sachs Group reduced their price target from $63.00 to $54.00 while maintaining a "neutral" rating. Similarly, on February 3rd, Loop Capital downgraded their rating from "buy" to "hold," lowering the target price from $71.00 to $49.00. UBS Group adjusted their target from $72.00 to $50.00 but kept a "buy" rating for the company in a report dated February 14th. Furthermore, Barclays decreased their price objective from $52.00 to $45.00, indicating an "equal weight" rating. Stifel Nicolaus reiterated a "buy" rating while adjusting their target downward from $74.00 to $66.00 on the same day.

Currently, analysis from MarketBeat shows that out of the research analysts monitoring GXO Logistics, five have issued a hold rating, while nine recommend it as a buy. The overall consensus rating for the stock stands at "Moderate Buy" with a consensus price target averaging $56.71.

Stock Performance Overview

As of Friday, NYSE:GXO opened at $38.35, reflecting a slight decline of 0.3%. The stock has seen a low of $34.51 and a high of $63.33 over the past year. It currently has a market capitalization of $4.58 billion, a PE ratio of 34.24, and a price-to-earnings-growth ratio of 1.34. The average moving values stand at $42.67 for the last 50 days and $49.87 for the 200-day period. Additionally, GXO's financial metrics indicate a current ratio of 0.83, a quick ratio of 0.86, and a debt-to-equity ratio of 0.83.

Recent Earnings Report

GXO Logistics last released its quarterly earnings results on February 12th, reporting earnings of $1.00 per share, beating analysts' expectations of $0.94. The company posted a return on equity of 11.16% and a net margin of 1.14%. Analysts project GXO Logistics will generate an earnings per share of 2.49 for this fiscal year.

Institutional Investments

Regarding institutional investments, recent reports indicate a blend of new acquisitions and adjustments in holdings related to GXO Logistics. Murphy & Mullick Capital Management Corp established a new position worth about $41,000 in the fourth quarter. Summit Securities Group LLC significantly boosted its stake by 870.9% during the same quarter. Hara Capital LLC acquired a new position valued at roughly $50,000 in the third quarter, while Quarry LP elevated their ownership by 1,334.9% in the fourth quarter, now holding shares valued at $54,000. Overall, institutional investors control approximately 90.67% of GXO Logistics shares.

About GXO Logistics

GXO Logistics, Inc. operates globally, providing a range of logistics services including warehousing, distribution, order fulfillment, e-commerce solutions, reverse logistics, and additional supply chain services. As of December 31, 2023, GXO operated approximately 974 facilities catering to diverse sectors such as e-commerce, omnichannel retail, technology, consumer electronics, food and beverage, industrial and manufacturing, and consumer packaged goods.

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