Citigroup Cuts RXO (NYSE:RXO) Price Target to $15.00

by · The Markets Daily

RXO (NYSE:RXO – Free Report) had its target price cut by Citigroup from $16.00 to $15.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

RXO has been the subject of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. The Goldman Sachs Group reduced their target price on RXO from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. raised their target price on RXO from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, October 8th. Truist Financial dropped their price target on RXO from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Wall Street Zen downgraded RXO from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and a consensus price target of $16.29.

Read Our Latest Research Report on RXO

RXO Stock Performance

Shares of RXO stock opened at $14.75 on Thursday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -34.29, a PEG ratio of 4.92 and a beta of 1.74. The stock has a fifty day moving average of $13.36 and a 200 day moving average of $15.34. RXO has a 52 week low of $10.43 and a 52 week high of $26.92. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.24.

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

Insider Buying and Selling at RXO

In related news, Director Thomas A. Szlosek purchased 20,308 shares of RXO stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $12.37 per share, for a total transaction of $251,209.96. Following the completion of the acquisition, the director directly owned 36,508 shares of the company’s stock, valued at $451,603.96. The trade was a 125.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew M. Wilkerson purchased 7,775 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $12.88 per share, with a total value of $100,142.00. Following the transaction, the chief executive officer owned 7,775 shares in the company, valued at $100,142. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 40,250 shares of company stock worth $488,875. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Yousif Capital Management LLC boosted its position in shares of RXO by 1.2% during the second quarter. Yousif Capital Management LLC now owns 53,228 shares of the company’s stock valued at $837,000 after buying an additional 631 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in RXO by 6.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock worth $176,000 after buying an additional 654 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in RXO by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock valued at $345,000 after acquiring an additional 661 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in RXO by 25.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company’s stock valued at $54,000 after acquiring an additional 688 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of RXO by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock valued at $1,793,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About RXO

(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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