RXO, Inc. (NYSE:RXO - Get Free Report)'s share price fell 5.8% during mid-day trading on Friday after Jefferies Financial Group lowered their price target on the stock from $26.00 to $20.00. Jefferies Financial Group currently has a buy rating on the stock. RXO traded as low as $13.26 and last traded at $13.25. 57,110 shares were traded during mid-day trading, a decline of 95% from the average session volume of 1,087,916 shares. The stock had previously closed at $14.07.
Other equities analysts also recently issued reports about the company. Oppenheimer downgraded RXO from an "outperform" rating to a "market perform" rating in a research note on Friday, April 4th. Wells Fargo & Company dropped their price target on shares of RXO from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Citigroup cut their price objective on RXO from $23.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Susquehanna reduced their target price on shares of RXO from $18.00 to $13.00 and set a "negative" rating for the company in a report on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on RXO in a research note on Friday, March 7th. They issued a "hold" rating and a $19.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RXO has a consensus rating of "Hold" and an average target price of $22.73.
Read Our Latest Analysis on RXO
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of RXO. Oregon Public Employees Retirement Fund lifted its stake in shares of RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company's stock worth $783,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. grew its position in RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after acquiring an additional 510 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of RXO by 1.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company's stock worth $712,000 after purchasing an additional 518 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of RXO by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock valued at $505,000 after acquiring an additional 551 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after purchasing an additional 570 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
RXO Trading Down 3.4 %
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.26. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -6.38, a P/E/G ratio of 4.55 and a beta of 1.60. The company's 50-day moving average is $18.68 and its 200-day moving average is $24.17.
RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. On average, research analysts predict that RXO, Inc. will post 0.31 earnings per share for the current year.
RXO Company Profile
(
Get Free Report)
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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