RXO (NYSE:RXO - Get Free Report) was upgraded by stock analysts at Citizens Jmp from a "market perform" rating to an "outperform" rating in a research report issued on Friday. The firm presently has a $30.00 price target on the stock. Citizens Jmp's price target would indicate a potential upside of 48.54% from the stock's previous close.
Several other equities research analysts also recently weighed in on the stock. Morgan Stanley reaffirmed an "equal weight" rating and set a $22.00 target price (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. Stifel Nicolaus raised their price target on shares of RXO from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Wall Street Zen upgraded shares of RXO from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. The Goldman Sachs Group upped their price objective on RXO from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Finally, TD Cowen reiterated a "sell" rating and issued a $17.50 target price (down from $19.00) on shares of RXO in a report on Friday. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $24.50.
Read Our Latest Stock Analysis on RXO
RXO Stock Performance
Shares of RXO stock opened at $20.20 on Friday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -33.11 and a beta of 2.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50-day moving average of $26.17 and a 200 day moving average of $20.08. RXO has a 12 month low of $10.43 and a 12 month high of $29.90.
RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The business's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. As a group, sell-side analysts forecast that RXO will post 0.07 earnings per share for the current year.
Institutional Investors Weigh In On RXO
A number of large investors have recently modified their holdings of RXO. Royal Bank of Canada lifted its position in shares of RXO by 14.3% during the 1st quarter. Royal Bank of Canada now owns 23,251 shares of the company's stock worth $444,000 after purchasing an additional 2,902 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in RXO by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company's stock valued at $1,813,000 after buying an additional 4,134 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in RXO in the first quarter valued at $30,000. Strs Ohio acquired a new stake in RXO in the first quarter valued at $97,000. Finally, Quantbot Technologies LP purchased a new stake in RXO during the 2nd quarter worth about $245,000. 92.73% of the stock is owned by hedge funds and other institutional investors.
About RXO
(
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RXO Inc NYSE: RXO is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.
Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.
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