RXO (NYSE:RXO) Price Target Lowered to $16.00 at Susquehanna

RXO (NYSE:RXO) had its price objective reduced by Susquehanna from $20.00 to $16.00 in a research report report published on Thursday, Benzinga reports. Susquehanna currently has a negative rating on the stock.

A number of other research firms also recently weighed in on RXO. Barclays lifted their price objective on RXO from $24.00 to $30.00 and gave the company an overweight rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price objective on RXO from $25.00 to $26.00 and gave the company an underweight rating in a report on Thursday, August 8th. Benchmark reissued a hold rating on shares of RXO in a report on Tuesday, August 13th. UBS Group boosted their target price on RXO from $22.00 to $31.00 and gave the stock a neutral rating in a report on Thursday, August 8th. Finally, TD Cowen boosted their target price on RXO from $23.00 to $28.00 and gave the stock a hold rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, RXO presently has an average rating of Hold and an average price target of $25.67.

RXO Stock Up 1.0 %

NYSE RXO opened at $27.53 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average is $28.34 and its two-hundred day moving average is $24.17. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of -305.89, a PEG ratio of 13.22 and a beta of 1.35. RXO has a 1-year low of $16.94 and a 1-year high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $930.00 million for the quarter, compared to the consensus estimate of $934.14 million. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 earnings per share. Equities analysts forecast that RXO will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Motco raised its position in RXO by 5,450.0% in the 1st quarter. Motco now owns 2,442 shares of the company’s stock worth $53,000 after purchasing an additional 2,398 shares during the last quarter. TFO Wealth Partners LLC raised its position in shares of RXO by 106,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 3,208 shares of the company’s stock valued at $70,000 after acquiring an additional 3,205 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of RXO by 2,235.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock valued at $80,000 after acquiring an additional 3,487 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of RXO during the 2nd quarter valued at $112,000. Finally, PNC Financial Services Group Inc. raised its position in shares of RXO by 62.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company’s stock valued at $121,000 after acquiring an additional 1,987 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.