RXO (NYSE:RXO) Price Target Cut to $28.00 by Analysts at Truist Financial

RXO (NYSE:RXO) had its price objective reduced by analysts at Truist Financial from $30.00 to $28.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 34.36% from the stock’s previous close.

Several other equities research analysts also recently weighed in on RXO. Weiss Ratings raised RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on RXO in a report on Friday. Barclays boosted their target price on shares of RXO from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. TD Cowen restated a “sell” rating and issued a $17.50 target price (down from $19.00) on shares of RXO in a research note on Friday. Finally, Stifel Nicolaus raised their price target on shares of RXO from $22.00 to $30.00 and gave the company a “buy” rating in a report on Monday, July 13th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.38.

RXO Stock Up 3.0%

RXO opened at $20.84 on Friday. RXO has a 1 year low of $10.43 and a 1 year high of $29.90. The firm has a 50 day moving average price of $26.17 and a 200 day moving average price of $20.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $3.44 billion, a PE ratio of -34.79 and a beta of 2.10.

RXO (NYSE:RXO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. RXO had a negative net margin of 1.83% and a negative return on equity of 1.16%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company posted $0.04 earnings per share. RXO’s revenue was up 25.0% compared to the same quarter last year. Sell-side analysts expect that RXO will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RXO. Flagship Harbor Advisors LLC acquired a new position in shares of RXO during the fourth quarter valued at $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of RXO in the 1st quarter worth about $29,000. Geneos Wealth Management Inc. acquired a new stake in shares of RXO in the 1st quarter worth about $30,000. Quarry LP acquired a new stake in shares of RXO in the 3rd quarter worth about $33,000. Finally, City Holding Co. lifted its position in RXO by 227.6% in the 2nd quarter. City Holding Co. now owns 1,245 shares of the company’s stock valued at $34,000 after purchasing an additional 865 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

RXO News Roundup

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO earned $0.06 per share, above the $0.04 consensus estimate and up from $0.04 a year earlier. Revenue reached $1.77 billion, exceeding the $1.63 billion estimate and increasing 25% year over year. RXO Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management highlighted profitable volume growth, including 2% truckload volume growth in brokerage, market-share gains and another sequential record for gross profit per load. The results suggest RXO is improving execution ahead of its previous expectations. RXO Strong Second-Quarter Results
• Neutral Sentiment: The earnings release and conference call provide additional detail on RXO’s third-quarter outlook, operating metrics and market conditions. The results were characterized as strong overall, but not uniformly positive across the business. RXO Q2 2026 Earnings Call Transcript
• Negative Sentiment: Despite the earnings beat, investors appear concerned about a mixed second-quarter performance and the durability of the recovery in freight markets. Coverage pointed to a still-challenging environment, with Forward Air’s recovery and slowing Class 8 truck orders limiting enthusiasm for transportation stocks. RXO Mixed Q2 Results and Industry Conditions
• Negative Sentiment: RXO remains unprofitable on a GAAP basis, reporting a negative net margin of 1.83% and negative return on equity of 1.16%. That may make investors more sensitive to any signs that freight-market improvements or margin gains could stall.

About RXO

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.