RXO (NYSE:RXO) Price Target Raised to $30.25

RXO (NYSE:RXO) had its price objective raised by UBS Group from $23.00 to $30.25 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company raised their price target on shares of RXO from $23.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 6th. The Goldman Sachs Group lifted their price target on shares of RXO from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Stifel Nicolaus set a $31.00 price objective on shares of RXO in a report on Friday, August 7th. Benchmark reissued a “hold” rating on shares of RXO in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upgraded RXO from an “underweight” rating to a “neutral” rating and raised their target price for the company from $22.00 to $30.00 in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, RXO has an average rating of “Hold” and a consensus target price of $27.32.

RXO Stock Down 1.0%

NYSE RXO traded down $0.27 on Wednesday, reaching $27.61. The company had a trading volume of 3,032,853 shares, compared to its average volume of 4,104,414. The firm has a market capitalization of $4.55 billion, a PE ratio of -54.14 and a beta of 1.96. 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 of $24.35 and a 200-day moving average of $21.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.28 and a quick ratio of 1.28.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. RXO had a negative net margin of 1.35% and a negative return on equity of 0.07%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities research analysts anticipate that RXO will post 0.16 EPS for the current fiscal year.

Institutional Trading of RXO

Several institutional investors have recently added to or reduced their stakes in RXO. Maple Rock Capital Partners Inc. acquired a new position in RXO during the 2nd quarter worth $71,283,000. Dimensional Fund Advisors LP raised its stake in shares of RXO by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company’s stock valued at $29,949,000 after purchasing an additional 504,955 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of RXO by 434,029.7% in the 1st quarter. Emerald Advisers LLC now owns 438,471 shares of the company’s stock valued at $6,410,000 after purchasing an additional 438,370 shares in the last quarter. Bank of America Corp DE raised its stake in shares of RXO by 128.6% in the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock valued at $10,586,000 after purchasing an additional 407,285 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of RXO during the first quarter worth about $4,034,000. 92.73% of the stock is owned by institutional investors and hedge funds.

RXO Company Profile

RXO, Inc is a transportation and logistics company that connects shippers with motor carriers and other transportation providers. The company primarily operates an asset-light business model, arranging freight transportation rather than owning a large fleet of trucks.

Its services include truckload freight brokerage, managed transportation and last-mile delivery. RXO uses technology and logistics expertise to help businesses source transportation capacity, manage shipments and coordinate deliveries across their supply chains.

RXO serves customers throughout North America, including the United States, Canada and Mexico.