RXO (NYSE:RXO) Downgraded by Jefferies Financial Group to Hold

RXO (NYSE:RXO - Get Free Report) was downgraded by investment analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued on Tuesday, Marketbeat reports. They currently have a $30.00 target price on the stock. Jefferies Financial Group's price target would suggest a potential upside of 4.82% from the company's previous close.

RXO has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of RXO in a report on Friday, August 7th. UBS Group set a $19.00 price objective on shares of RXO in a research report on Wednesday, September 23rd. Citizens Jmp raised shares of RXO from a "market perform" rating to an "outperform" rating and set a $30.00 target price on the stock in a research note on Friday, August 7th. Stephens upgraded RXO to a "hold" rating in a research report on Wednesday, July 8th. Finally, Truist Financial cut their price target on RXO from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $24.88.

RXO Stock Up 22.4%

Shares of RXO stock opened at $28.62 on Tuesday. RXO has a twelve month low of $10.43 and a twelve month high of $29.90. The stock has a market cap of $4.72 billion, a P/E ratio of -46.92 and a beta of 2.10. The stock has a 50 day moving average of $21.18 and a 200 day moving average of $21.93. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.30.

RXO (NYSE:RXO - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The business's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. As a group, sell-side analysts expect that RXO will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RXO. Maple Rock Capital Partners Inc. purchased a new position in shares of RXO in the second quarter valued at approximately $71,283,000. Dimensional Fund Advisors LP lifted its stake in RXO by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company's stock worth $29,949,000 after purchasing an additional 504,955 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of RXO by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 798,285 shares of the company's stock worth $11,671,000 after purchasing an additional 16,029 shares during the last quarter. Bank of America Corp DE grew its holdings in RXO by 128.6% in the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company's stock valued at $10,586,000 after buying an additional 407,285 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in shares of RXO in the fourth quarter valued at about $9,098,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

More RXO News

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO shareholders are expected to receive $17.25 in cash plus 0.0856 shares of C.H. Robinson for each RXO share, representing implied consideration of roughly $30.25 per share based on the announcement. RXO investors would own approximately 11% of the combined company. C.H. Robinson to buy RXO for $5.8 billion
• Positive Sentiment: Management expects about $300 million in annual synergies and says the transaction should be accretive to earnings in less than one year, supporting the strategic rationale for the combination and helping explain the premium placed on RXO. C.H. Robinson acquisition details
• Positive Sentiment: JPMorgan upgraded RXO from Underweight to Neutral and raised its price target from $22 to $30, indicating that the acquisition substantially improves the near-term valuation outlook. RXO upgraded to Neutral at JPMorgan
• Neutral Sentiment: Jefferies reaffirmed a Hold rating with a $30 price target, suggesting limited upside beyond the announced deal value unless competing bids or improved terms emerge. Jefferies reaffirms Hold rating
• Negative Sentiment: Several investor-rights law firms are investigating whether the transaction fairly values RXO and whether insiders may receive benefits. Such reviews could create legal or closing uncertainty, although no wrongdoing has been established. RXO shareholder investigation

About RXO

RXO, Inc is a transportation services company that provides asset-light freight brokerage and logistics solutions. The company connects shippers with independent carriers and helps coordinate the movement of truckload, less-than-truckload and other freight across North America.

RXO's services include digital freight brokerage, managed transportation and last-mile logistics. Its brokerage business uses technology and carrier relationships to match customer shipments with available transportation capacity, while its managed transportation offerings help companies plan, coordinate and optimize freight operations.