RXO (NYSE:RXO - Get Free Report) had its target price lowered by Susquehanna from $16.00 to $12.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "negative" rating on the stock. Susquehanna's price target suggests a potential downside of 56.82% from the company's previous close.
Several other equities research analysts have also commented on the stock. Jefferies Financial Group cut their price target on shares of RXO from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Citigroup lowered RXO from a "buy" rating to a "neutral" rating and set a $33.00 target price on the stock. in a research report on Tuesday. TD Cowen raised their price objective on RXO from $23.00 to $28.00 and gave the company a "hold" rating in a research report on Thursday, August 8th. Barclays lifted their price target on RXO from $24.00 to $30.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lifted their target price on RXO from $25.00 to $26.00 and gave the company an "underweight" rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.29.
Get Our Latest Stock Analysis on RXO
RXO Trading Down 5.5 %
Shares of NYSE:RXO traded down $1.62 during midday trading on Tuesday, reaching $27.79. The company's stock had a trading volume of 972,887 shares, compared to its average volume of 863,133. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of -14.29, a PEG ratio of 12.28 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.33. The firm has a 50 day moving average price of $27.86 and a two-hundred day moving average price of $25.91. RXO has a fifty-two week low of $17.96 and a fifty-two week high of $32.82.
RXO (NYSE:RXO - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. During the same quarter last year, the company earned $0.05 EPS. The company's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts forecast that RXO will post 0.16 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of RXO. UniSuper Management Pty Ltd bought a new position in RXO during the 1st quarter worth about $542,000. Boston Partners raised its holdings in shares of RXO by 150.0% during the 1st quarter. Boston Partners now owns 42,526 shares of the company's stock worth $930,000 after acquiring an additional 25,519 shares during the period. State Board of Administration of Florida Retirement System grew its position in RXO by 225.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 108,847 shares of the company's stock valued at $2,380,000 after acquiring an additional 75,395 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of RXO by 1,459.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,628,080 shares of the company's stock worth $42,574,000 after buying an additional 1,523,650 shares in the last quarter. Finally, Swedbank AB purchased a new stake in RXO in the first quarter valued at approximately $76,982,000. 92.73% of the stock is owned by hedge funds and other institutional investors.
About RXO
(
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RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.
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