RXO (NYSE:RXO) Stock Rating Raised to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of RXO (NYSE:RXO) from an underweight rating to a neutral rating in a research note released on Tuesday,Benzinga reports. They currently have $30.00 price target on the stock, up from their prior price target of $22.00.

Other equities research analysts also recently issued reports about the stock. Stephens raised shares of RXO to a “hold” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of RXO in a research report on Friday, August 7th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a report on Tuesday, September 1st. Finally, BMO Capital Markets cut shares of RXO from an “outperform” rating to a “market perform” rating and set a $30.25 target price on the stock. in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.97.

RXO Stock Performance

NYSE:RXO opened at $28.52 on Tuesday. The business’s fifty day moving average is $21.29 and its 200 day moving average is $22.03. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -46.75 and a beta of 2.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.27 and a current ratio of 1.27. RXO has a 52-week low of $10.43 and a 52-week high of $29.90.

RXO (NYSE:RXO) last issued its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The firm’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Research analysts predict that RXO will post 0.14 EPS for the current year.

Institutional Trading of RXO

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC bought a new stake in shares of RXO during the 2nd quarter valued at about $450,000. Integrated Wealth Concepts LLC purchased a new position in shares of RXO during the second quarter worth about $133,000. Nykredit A S bought a new position in shares of RXO in the second quarter worth approximately $67,000. Corient Private Wealth LP increased its position in shares of RXO by 18.0% in the second quarter. Corient Private Wealth LP now owns 29,773 shares of the company’s stock worth $821,000 after purchasing an additional 4,550 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new position in shares of RXO in the second quarter worth approximately $71,283,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Key Headlines Impacting RXO

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO shareholders would receive $17.25 in cash plus 0.0856 CHRW shares for each RXO share, representing implied consideration of approximately $30.25 per share based on the announcement terms. RXO investors are expected to own about 11% of the combined company. C.H. Robinson to buy RXO for $5.8 billion in truck broking expansion
• Positive Sentiment: Management expects the combination to generate approximately $300 million in annual synergies and be accretive to earnings in less than a year. The transaction would expand C.H. Robinson’s truck-brokerage operations and create a logistics company with enterprise value above $25 billion. Why C.H. Robinson stock was tumbling today
• Neutral Sentiment: Analyst views became more cautious after the deal: JPMorgan upgraded RXO from Underweight to Neutral and raised its target to $30, while Jefferies moved from Buy to Hold with a $30 target. These targets remain below the stated implied transaction value. RXO upgraded to Neutral at JPMorgan
• Negative Sentiment: Several shareholder-rights law firms are investigating whether RXO is receiving a fair price, including potential conflicts, insider benefits, and restrictions on competing offers. Such reviews could increase litigation or completion risk, although they do not necessarily indicate wrongdoing. Shareholder alert investigation of RXO

RXO Company Profile

RXO, Inc is a transportation services company that provides asset-light freight brokerage and logistics solutions. The company connects shippers with independent carriers and helps coordinate the movement of truckload, less-than-truckload and other freight across North America.

RXO’s services include digital freight brokerage, managed transportation and last-mile logistics. Its brokerage business uses technology and carrier relationships to match customer shipments with available transportation capacity, while its managed transportation offerings help companies plan, coordinate and optimize freight operations.