RXO (NYSE:RXO) Price Target Cut to $30.00 by Analysts at Jefferies Financial Group

RXO (NYSE:RXOGet Free Report) had its target price decreased by equities researchers at Jefferies Financial Group from $33.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 21.46% from the stock’s previous close.

Several other equities analysts also recently issued reports on RXO. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price objective on shares of RXO in a report on Monday, November 18th. Benchmark reiterated a “hold” rating on shares of RXO in a report on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday. Oppenheimer reiterated an “outperform” rating and issued a $31.00 price target on shares of RXO in a report on Tuesday, September 17th. Finally, Susquehanna cut their price target on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.20.

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RXO Stock Down 2.0 %

RXO stock traded down $0.50 during trading hours on Friday, reaching $24.70. The stock had a trading volume of 215,742 shares, compared to its average volume of 782,991. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -12.47, a PEG ratio of 15.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50 day moving average price is $27.22 and its 200-day moving average price is $27.80. RXO has a 52 week low of $18.75 and a 52 week high of $32.82.

RXO (NYSE:RXOGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $956.19 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts anticipate that RXO will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RXO. Arizona State Retirement System lifted its position in shares of RXO by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 32,906 shares of the company’s stock valued at $860,000 after buying an additional 751 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of RXO by 2.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company’s stock valued at $668,000 after buying an additional 575 shares in the last quarter. WINTON GROUP Ltd raised its stake in RXO by 57.3% in the 2nd quarter. WINTON GROUP Ltd now owns 300,255 shares of the company’s stock valued at $7,852,000 after purchasing an additional 109,349 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in RXO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock valued at $53,153,000 after purchasing an additional 176,041 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in RXO by 20.7% in the 2nd quarter. Primecap Management Co. CA now owns 1,020,900 shares of the company’s stock valued at $26,697,000 after purchasing an additional 175,300 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

RXO Company Profile

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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.

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Analyst Recommendations for RXO (NYSE:RXO)

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