RXO (NYSE:RXO) Given New $10.00 Price Target at Susquehanna

RXO (NYSE:RXO) had its price target dropped by equities research analysts at Susquehanna from $11.00 to $10.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “negative” rating on the stock. Susquehanna’s price target suggests a potential downside of 19.42% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus upped their target price on shares of RXO from $14.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Truist Financial set a $22.00 price target on shares of RXO in a research note on Tuesday, October 14th. Wall Street Zen upgraded RXO from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Benchmark reissued a “hold” rating on shares of RXO in a research note on Wednesday, October 22nd. Finally, Barclays cut their price target on RXO from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, RXO currently has a consensus rating of “Hold” and a consensus price target of $17.15.

RXO Trading Down 8.4%

RXO traded down $1.14 during mid-day trading on Friday, hitting $12.41. 701,841 shares of the stock were exchanged, compared to its average volume of 1,712,339. The firm’s fifty day moving average is $16.78 and its two-hundred day moving average is $16.02. RXO has a 1-year low of $12.19 and a 1-year high of $31.11. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.04 billion, a PE ratio of -5.74, a PEG ratio of 11.09 and a beta of 1.67.

RXO (NYSE:RXO) last announced its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. RXO had a negative net margin of 5.45% and a positive return on equity of 1.18%. The business’s revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Equities analysts forecast that RXO will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

Several hedge funds have recently made changes to their positions in the company. Yousif Capital Management LLC lifted its holdings in shares of RXO by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 53,228 shares of the company’s stock valued at $837,000 after purchasing an additional 631 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in RXO by 6.1% during 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 grew 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 worth $345,000 after buying an additional 661 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in RXO by 25.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company’s stock worth $54,000 after buying an additional 688 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in RXO by 0.6% in the third quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock valued at $1,793,000 after buying an additional 700 shares during the last quarter. Hedge funds and other 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.