RXO (NYSE:RXO) Given New $20.00 Price Target at Wells Fargo & Company

RXO (NYSE:RXO) had its price target cut by Wells Fargo & Company from $22.00 to $20.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 5.03% from the company’s current price.

Several other brokerages have also issued reports on RXO. Morgan Stanley decreased their price target on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus decreased their price target on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group decreased their price target on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on RXO in a report on Friday, March 7th. They set a “hold” rating and a $19.00 price target on the stock. Finally, Susquehanna cut their target price on shares of RXO from $18.00 to $13.00 and set a “negative” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.33.

RXO Stock Down 0.4 %

RXO stock opened at $19.04 on Thursday. RXO has a twelve month low of $17.50 and a twelve month high of $32.82. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.11 billion, a PE ratio of -8.98, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The business’s 50-day simple moving average is $21.56 and its 200 day simple moving average is $25.29.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. On average, research analysts anticipate that RXO will post 0.31 earnings per share for the current year.

Institutional Trading of RXO

Several hedge funds have recently bought and sold shares of RXO. Oregon Public Employees Retirement Fund grew its holdings in shares of RXO by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock valued at $783,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. boosted its position in RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after buying an additional 510 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of RXO by 1.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company’s stock valued at $712,000 after buying an additional 518 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in RXO by 2.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after acquiring an additional 551 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

About RXO

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.