RXO (NYSE:RXO) Price Target Cut to $20.00 by Analysts at Jefferies Financial Group

RXO (NYSE:RXO) had its price objective lowered by Jefferies Financial Group from $26.00 to $20.00 in a research note published on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on RXO. Wells Fargo & Company decreased their price objective on RXO from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus reduced their price target on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Susquehanna cut their price target on shares of RXO from $18.00 to $13.00 and set a “negative” rating for the company in a report on Wednesday, March 26th. Citigroup lowered their target price on shares of RXO from $23.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of RXO in a research report on Friday, March 7th. They set a “hold” rating and a $19.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.73.

RXO Stock Performance

Shares of RXO stock opened at $13.62 on Friday. The company has a market cap of $2.23 billion, a P/E ratio of -6.43, a PEG ratio of 4.55 and a beta of 1.60. The firm has a fifty day moving average price of $18.83 and a 200 day moving average price of $24.29. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO has a 12 month low of $12.39 and a 12 month high of $32.82.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RXO. Wilmington Savings Fund Society FSB acquired a new stake in shares of RXO during the 3rd quarter worth about $28,000. Blue Trust Inc. lifted its stake in shares of 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. Smartleaf Asset Management LLC boosted its position in RXO by 228.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after acquiring an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. grew 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 acquiring an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after acquiring an additional 1,445 shares during the last quarter. Institutional investors and hedge funds 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.