RXO (NYSE:RXO) Price Target Raised to $18.00

RXO (NYSE:RXO) had its price objective raised by Citigroup from $15.00 to $18.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 12.16% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Wall Street Zen cut shares of RXO from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Wolfe Research raised shares of RXO from an “underperform” rating to a “peer perform” rating in a report on Friday, November 14th. TD Cowen restated a “hold” rating on shares of RXO in a research note on Friday, January 9th. UBS Group reiterated a “neutral” rating on shares of RXO in a research report on Sunday. Finally, Barclays dropped their target price on shares of RXO from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, RXO has a consensus rating of “Hold” and a consensus price target of $16.43.

RXO Price Performance

NYSE RXO traded down $0.85 on Monday, hitting $16.05. 835,334 shares of the company’s stock were exchanged, compared to its average volume of 2,100,408. RXO has a 52 week low of $10.43 and a 52 week high of $22.17. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -27.70, a P/E/G ratio of 10.22 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 1.32 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $14.42 and a 200-day moving average of $15.17.

RXO (NYSE:RXO) last posted its quarterly earnings data on Friday, February 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $1.47 billion during 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%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. Analysts expect that RXO will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Troy A. Cooper bought 8,317 shares of RXO stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of $10.61 per share, with a total value of $88,243.37. Following the completion of the transaction, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On RXO

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of RXO by 14.3% during the first quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock worth $444,000 after acquiring an additional 2,902 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in RXO by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock worth $1,813,000 after acquiring an additional 4,134 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of RXO in the first quarter valued at approximately $30,000. Strs Ohio acquired a new stake in shares of RXO during the 1st quarter worth $97,000. Finally, Maryland State Retirement & Pension System increased its stake in shares of RXO by 1.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 41,910 shares of the company’s stock valued at $659,000 after purchasing an additional 751 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

RXO Company Profile

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.