Susquehanna Boosts RXO (NYSE:RXO) Price Target to $16.00

RXO (NYSE:RXO) had its price target boosted by Susquehanna from $15.00 to $16.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a negative rating on the stock.

Several other research analysts have also recently issued reports on RXO. TD Cowen raised their target price on shares of RXO from $16.50 to $19.50 and gave the stock a market perform rating in a report on Friday, February 9th. Bank of America cut shares of RXO from a buy rating to a neutral rating and reduced their target price for the stock from $25.00 to $22.00 in a report on Thursday, February 8th. Oppenheimer reduced their target price on shares of RXO from $23.00 to $22.00 and set an outperform rating for the company in a report on Tuesday, February 13th. Vertical Research cut shares of RXO from a buy rating to a hold rating and set a $23.00 target price for the company. in a report on Wednesday, January 10th. Finally, Stifel Nicolaus lifted their price objective on shares of RXO from $20.00 to $22.00 and gave the company a hold rating in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, RXO currently has a consensus rating of Hold and a consensus target price of $20.23.

RXO Trading Up 2.3 %

NYSE RXO opened at $21.27 on Monday. The company has a fifty day simple moving average of $21.20 and a two-hundred day simple moving average of $20.59. The stock has a market cap of $2.49 billion, a P/E ratio of 531.88, a P/E/G ratio of 7.28 and a beta of 1.09. RXO has a 12-month low of $16.94 and a 12-month high of $24.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $978.00 million during the quarter, compared to analysts’ expectations of $996.33 million. RXO had a net margin of 0.10% and a return on equity of 6.11%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts forecast that RXO will post 0.22 earnings per share for the current year.

Insider Activity

In related news, major shareholder Mfn Partners, Lp bought 747,424 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $20.25 per share, for a total transaction of $15,135,336.00. Following the completion of the transaction, the insider now directly owns 13,755,649 shares in the company, valued at $278,551,892.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On RXO

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kirr Marbach & Co. LLC IN boosted its position in RXO by 0.3% during the third quarter. Kirr Marbach & Co. LLC IN now owns 191,715 shares of the company’s stock worth $3,783,000 after acquiring an additional 653 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in RXO by 16.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock worth $121,000 after buying an additional 770 shares during the period. Sei Investments Co. grew its holdings in RXO by 4.9% during the 4th quarter. Sei Investments Co. now owns 17,323 shares of the company’s stock worth $403,000 after acquiring an additional 811 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in RXO by 1.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,904 shares of the company’s stock worth $1,231,000 after acquiring an additional 820 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in RXO by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 353,816 shares of the company’s stock worth $6,981,000 after acquiring an additional 905 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.