RXO (NYSE:RXO) Given New $14.00 Price Target at Susquehanna
by Michael Walen · The Markets DailyRXO (NYSE:RXO – Get Free Report) had its price objective hoisted by equities research analysts at Susquehanna from $12.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “negative” rating on the stock. Susquehanna’s target price would indicate a potential downside of 26.42% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. UBS Group reiterated a “neutral” rating on shares of RXO in a research note on Sunday, February 8th. TD Cowen reiterated a “hold” rating on shares of RXO in a research note on Friday, January 9th. Bank of America cut their target price on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Stephens set a $15.00 target price on shares of RXO in a research note on Monday, February 9th. Finally, Benchmark reiterated a “hold” rating on shares of RXO in a research note on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.00.
Check Out Our Latest Stock Analysis on RXO
RXO Stock Performance
Shares of NYSE RXO traded down $0.55 during trading hours on Wednesday, hitting $19.03. 456,649 shares of the stock were exchanged, compared to its average volume of 2,263,163. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50 day moving average is $14.99 and its 200 day moving average is $14.84. The firm has a market capitalization of $3.13 billion, a P/E ratio of -32.81, a P/E/G ratio of 25.73 and a beta of 1.65. RXO has a one year low of $10.43 and a one year high of $20.18.
RXO (NYSE:RXO – Get Free Report) last released its earnings results on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. RXO’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, research analysts expect that RXO will post 0.02 EPS for the current year.
Hedge Funds Weigh In On RXO
A number of hedge funds have recently made changes to their positions in RXO. Finepoint Capital LP acquired a new position in shares of RXO in the 3rd quarter valued at $111,764,000. Orbis Allan Gray Ltd raised its stake in shares of RXO by 6.5% in the 4th quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock valued at $438,327,000 after buying an additional 2,104,597 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of RXO by 91.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock valued at $35,818,000 after buying an additional 1,110,530 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of RXO in the 4th quarter valued at $11,224,000. Finally, Wellington Management Group LLP grew its holdings in shares of RXO by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock worth $153,780,000 after purchasing an additional 735,810 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.
About RXO
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.