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

by · The Markets Daily

RXO (NYSE:RXO – Get Free Report) had its price objective upped by equities research analysts at TD Cowen from $13.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential downside of 4.04% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Wall Street Zen downgraded RXO from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. UBS Group decreased their target price on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Truist Financial decreased their price objective on shares of RXO from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Barclays lowered their price target on shares of RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.29.

Check Out Our Latest Analysis on RXO

RXO Stock Up 1.0%

Shares of RXO stock traded up $0.14 on Friday, reaching $14.59. 953,044 shares of the company’s stock traded hands, compared to its average volume of 2,045,963. The business’s 50 day moving average price is $13.42 and its two-hundred day moving average price is $15.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $2.39 billion, a P/E ratio of -33.94, a price-to-earnings-growth ratio of 4.57 and a beta of 1.74. RXO has a 12-month low of $10.43 and a 12-month high of $26.92.

RXO (NYSE:RXO – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. On average, equities analysts forecast that RXO will post 0.31 earnings per share for the current year.

Insider Buying and Selling at RXO

In other RXO news, Director Troy A. Cooper acquired 8,317 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was acquired at an average cost of $10.61 per share, with a total value of $88,243.37. Following the purchase, the director directly owned 275,416 shares in the company, valued at approximately $2,922,163.76. This trade represents a 3.11% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew M. Wilkerson purchased 7,775 shares of the business’s stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $12.88 per share, with a total value of $100,142.00. Following the completion of the acquisition, the chief executive officer directly owned 7,775 shares in the company, valued at $100,142. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 40,250 shares of company stock valued at $488,875 in the last quarter. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in RXO by 14.3% in the 1st quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock valued at $444,000 after purchasing an additional 2,902 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in RXO by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock worth $1,813,000 after purchasing an additional 4,134 shares in the last quarter. Intech Investment Management LLC increased its holdings in RXO by 87.1% in the 1st quarter. Intech Investment Management LLC now owns 94,527 shares of the company’s stock worth $1,805,000 after purchasing an additional 44,001 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in RXO in the 1st quarter valued at about $30,000. Finally, Strs Ohio purchased a new position in RXO in the 1st quarter valued at approximately $97,000. Institutional investors own 92.73% of the company’s stock.

RXO Company Profile

(Get Free Report)

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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