Stifel Nicolaus Issues Positive Forecast for RXO (NYSE:RXO) Stock Price

RXO (NYSE:RXO - Get Free Report) had its price target raised by stock analysts at Stifel Nicolaus from $26.00 to $27.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 4.15% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group reduced their price objective on shares of RXO from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Citigroup lowered shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a research report on Tuesday, November 12th. Susquehanna lowered their price objective on RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research report on Tuesday, November 12th. The Goldman Sachs Group restated a "neutral" rating and set a $29.00 target price on shares of RXO in a research report on Monday, November 18th. Finally, Wells Fargo & Company dropped their price target on RXO from $31.00 to $28.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, RXO currently has a consensus rating of "Hold" and a consensus target price of $26.79.

RXO Stock Performance

RXO stock traded down $0.27 during midday trading on Thursday, reaching $25.92. 859,399 shares of the company's stock traded hands, compared to its average volume of 906,647. The firm has a market capitalization of $4.17 billion, a PE ratio of -13.09, a price-to-earnings-growth ratio of 3.72 and a beta of 1.52. The company has a 50-day moving average price of $26.54 and a two-hundred day moving average price of $27.75. RXO has a 52 week low of $18.75 and a 52 week high of $32.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33.

RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. As a group, equities analysts anticipate that RXO will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State Street Corp boosted its position in RXO by 13.3% during the 3rd quarter. State Street Corp now owns 5,124,927 shares of the company's stock valued at $143,498,000 after buying an additional 602,741 shares during the period. Geode Capital Management LLC raised its stake in shares of RXO by 16.9% during the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company's stock valued at $85,563,000 after acquiring an additional 441,994 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of RXO by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company's stock worth $57,915,000 after purchasing an additional 136,886 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of RXO by 9.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company's stock worth $53,153,000 after purchasing an additional 176,041 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of RXO by 14.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,867,080 shares of the company's stock worth $52,278,000 after purchasing an additional 239,000 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Company Profile

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.