RXO (NYSE:RXO) Stock Price Expected to Rise, Susquehanna Analyst Says

Key Points

• Susquehanna raised RXO’s price target from $19 to $30 while maintaining a neutral rating, implying 9.37% upside from the previous close.
• Analyst sentiment remains cautious: RXO has a consensus “Hold” rating and an average price target of $26.69, despite several firms also lifting targets to around $30.
• RXO exceeded quarterly expectations, reporting $0.09 in EPS versus $0.08 expected and $1.87 billion in revenue, up 31.7% year over year.

RXO (NYSE:RXO - Get Free Report) had its price target increased by Susquehanna from $19.00 to $30.00 in a report issued on Monday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Susquehanna's price target points to a potential upside of 9.37% from the company's previous close.

Several other research analysts have also commented on the company. William Blair set a $30.00 price target on RXO in a research report on Friday, August 7th. JPMorgan Chase & Co. upgraded shares of RXO from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $22.00 to $30.00 in a research report on Tuesday, October 6th. The Goldman Sachs Group increased their target price on shares of RXO from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Benchmark restated a "hold" rating on shares of RXO in a research note on Tuesday, July 28th. Finally, TD Cowen upgraded RXO from a "sell" rating to a "hold" rating and boosted their target price for the stock from $17.50 to $30.25 in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $26.69.

RXO Price Performance

Shares of NYSE:RXO opened at $27.43 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.30. The company's 50 day moving average is $23.75 and its 200 day moving average is $21.02. RXO has a twelve month low of $10.43 and a twelve month high of $29.90. The company has a market cap of $4.52 billion, a PE ratio of -53.78 and a beta of 1.95.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. RXO had a negative return on equity of 0.07% and a negative net margin of 1.35%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business posted $0.01 earnings per share. RXO's revenue for the quarter was up 31.7% on a year-over-year basis. On average, sell-side analysts forecast that RXO will post 0.16 EPS for the current year.

Institutional Trading of RXO

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC purchased a new position in RXO during the first quarter worth approximately $29,000. City Holding Co. lifted its stake in shares of RXO by 227.6% during the second quarter. City Holding Co. now owns 1,245 shares of the company's stock worth $34,000 after purchasing an additional 865 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of RXO by 18.3% in the first quarter. Public Employees Retirement System of Ohio now owns 4,196 shares of the company's stock valued at $61,000 after buying an additional 649 shares in the last quarter. Nykredit A S purchased a new stake in shares of RXO during the 2nd quarter valued at about $67,000. Finally, PNC Financial Services Group Inc. boosted its holdings in RXO by 47.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,287 shares of the company's stock worth $92,000 after acquiring an additional 2,019 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

RXO Company Profile

RXO, Inc is a transportation and logistics company that connects shippers with motor carriers and other transportation providers. The company primarily operates an asset-light business model, arranging freight transportation rather than owning a large fleet of trucks.

Its services include truckload freight brokerage, managed transportation and last-mile delivery. RXO uses technology and logistics expertise to help businesses source transportation capacity, manage shipments and coordinate deliveries across their supply chains.

RXO serves customers throughout North America, including the United States, Canada and Mexico.

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