RXO (NYSE:RXO) Price Target Raised to $30.00

by · The Cerbat Gem

RXO (NYSE:RXO – Free Report) had its price target increased by Susquehanna from $19.00 to $30.00 in a report released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also weighed in on RXO. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a report on Tuesday, September 1st. BMO Capital Markets cut shares of RXO from an “outperform” rating to a “hold” rating and set a $30.25 target price on the stock. in a report on Tuesday, October 6th. JPMorgan Chase & Co. upgraded RXO from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, October 6th. William Blair set a $30.00 target price on RXO in a research note on Friday, August 7th. Finally, Jefferies Financial Group cut shares of RXO from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, RXO presently has an average rating of “Hold” and an average target price of $27.32.

Check Out Our Latest Stock Analysis on RXO

RXO Price Performance

Shares of RXO stock opened at $28.39 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 firm has a fifty day simple moving average of $24.14 and a 200-day simple moving average of $21.21. The company has a market capitalization of $4.68 billion, a PE ratio of -55.66 and a beta of 1.96. RXO has a twelve month low of $10.43 and a twelve month high of $29.90.

RXO (NYSE:RXO – Get Free Report) last announced its 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that RXO will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of RXO

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

RXO Company Profile

(Get Free Report)

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.

Further Reading