RXO (NYSE:RXO) Price Target Cut to $24.00 by Analysts at Stifel Nicolaus

RXO (NYSE:RXO - Get Free Report) had its price objective dropped by analysts at Stifel Nicolaus from $27.00 to $24.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 11.64% from the company's current price.

RXO has been the subject of a number of other reports. Wells Fargo & Company dropped their price objective on RXO from $31.00 to $28.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their target price on RXO from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Citigroup cut shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target on the stock. in a research report on Tuesday, November 12th. Barclays decreased their price target on shares of RXO from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley cut their price target on RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.46.

RXO Trading Up 4.8 %

RXO traded up $0.99 on Thursday, hitting $21.50. The company had a trading volume of 1,455,999 shares, compared to its average volume of 1,157,180. The company's fifty day moving average price is $25.59 and its 200 day moving average price is $27.41. RXO has a 1 year low of $18.75 and a 1 year high of $32.82. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.46 billion, a P/E ratio of -10.14, a PEG ratio of 3.63 and a beta of 1.53.

RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, equities analysts expect that RXO will post 0.39 earnings per share for the current year.

Institutional Trading of RXO

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its holdings 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 valued at $783,000 after purchasing an additional 500 shares during the period. GAMMA Investing LLC grew its position in RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company's stock valued at $50,000 after buying an additional 510 shares during the last quarter. Blue Trust Inc. increased its stake in RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company's stock valued at $27,000 after buying an additional 510 shares during the period. Mutual of America Capital Management LLC raised its position in RXO by 2.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company's stock worth $505,000 after buying an additional 551 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company's stock worth $39,000 after buying an additional 570 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

About RXO

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.