RXO (NYSE:RXO) Price Target Lowered to $10.00 at Susquehanna

RXO (NYSE:RXO) had its price target trimmed by Susquehanna from $11.00 to $10.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a negative rating on the stock.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on RXO from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, October 8th. Benchmark restated a “hold” rating on shares of RXO in a report on Wednesday, October 22nd. UBS Group raised their price target on shares of RXO from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Truist Financial set a $22.00 price objective on shares of RXO in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of RXO from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $16.85.

RXO Price Performance

Shares of RXO traded down $1.09 during mid-day trading on Friday, reaching $12.47. 3,250,090 shares of the company’s stock were exchanged, compared to its average volume of 1,815,074. The company has a quick ratio of 1.35, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $16.70 and a two-hundred day simple moving average of $16.02. RXO has a 52-week low of $12.16 and a 52-week high of $31.11. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -28.99, a PEG ratio of 8.53 and a beta of 1.67.

RXO (NYSE:RXO) last posted its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. RXO’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. On average, sell-side analysts predict that RXO will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On RXO

Several hedge funds have recently modified their holdings of RXO. Yousif Capital Management LLC grew its holdings in RXO by 1.2% in the second quarter. Yousif Capital Management LLC now owns 53,228 shares of the company’s stock valued at $837,000 after purchasing an additional 631 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of RXO by 6.1% in the 3rd 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 grew its stake in shares of RXO by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,428 shares of the company’s stock valued at $345,000 after buying an additional 661 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of RXO by 25.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,433 shares of the company’s stock worth $54,000 after buying an additional 688 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of RXO by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock worth $1,793,000 after buying an additional 700 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

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.