RXO (NYSE:RXO) Given New $15.00 Price Target at Barclays

RXO (NYSE:RXO) had its price target reduced by Barclays from $17.00 to $15.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 22.05% from the stock’s previous close.

Several other research firms also recently weighed in on RXO. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Wednesday, October 22nd. Wall Street Zen raised shares of RXO from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Susquehanna decreased their price objective on shares of RXO from $11.00 to $10.00 and set a “negative” rating for the company in a report on Friday. Cowen reissued a “hold” rating on shares of RXO in a report on Friday, August 8th. Finally, The Goldman Sachs Group cut their target price on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.85.

RXO Stock Down 9.3%

Shares of RXO stock traded down $1.26 during trading on Friday, reaching $12.29. The company had a trading volume of 1,728,510 shares, compared to its average volume of 1,717,320. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.35. RXO has a fifty-two week low of $12.16 and a fifty-two week high of $31.11. The firm’s fifty day moving average is $16.78 and its 200-day moving average is $16.02. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -5.70, a price-to-earnings-growth ratio of 11.09 and a beta of 1.67.

RXO (NYSE:RXO) last issued its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). RXO had a positive return on equity of 1.18% and a negative net margin of 5.45%.The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, analysts anticipate that RXO will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Yousif Capital Management LLC boosted its stake in shares of RXO by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 53,228 shares of the company’s stock worth $837,000 after acquiring an additional 631 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of RXO by 6.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock valued at $176,000 after purchasing an additional 654 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of RXO by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock valued at $345,000 after purchasing an additional 661 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in RXO by 25.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company’s stock worth $54,000 after purchasing an additional 688 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of RXO by 0.6% in the third quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock worth $1,793,000 after acquiring an additional 700 shares in the last quarter. Institutional investors 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.