Susquehanna Lowers RXO (NYSE:RXO) Price Target to $12.00

RXO (NYSE:RXO) had its target price decreased by equities research analysts at Susquehanna from $16.00 to $12.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “negative” rating on the stock. Susquehanna’s price objective would suggest a potential downside of 56.90% from the stock’s previous close.

Several other research firms have also issued reports on RXO. Wells Fargo & Company restated an “equal weight” rating and issued a $31.00 price target on shares of RXO in a research report on Monday. Jefferies Financial Group dropped their price objective on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Morgan Stanley raised their price objective on RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. TD Cowen raised their price objective on RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $31.00 price target on shares of RXO in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, RXO has an average rating of “Hold” and an average price target of $26.29.

RXO Stock Up 0.1 %

Shares of RXO opened at $27.84 on Tuesday. RXO has a 52 week low of $18.75 and a 52 week high of $32.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -14.06, a PEG ratio of 13.01 and a beta of 1.33. The business’s fifty day moving average price is $27.84 and its two-hundred day moving average price is $25.98.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, analysts predict that RXO will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On RXO

Several hedge funds have recently modified their holdings of RXO. GAMMA Investing LLC grew its holdings in RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after purchasing an additional 510 shares during the period. Motco grew its holdings in RXO by 5,450.0% during the first quarter. Motco now owns 2,442 shares of the company’s stock worth $53,000 after purchasing an additional 2,398 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in RXO by 2,235.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock worth $80,000 after purchasing an additional 3,487 shares during the period. Canada Pension Plan Investment Board bought a new position in RXO during the second quarter worth about $112,000. Finally, KBC Group NV grew its holdings in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after purchasing an additional 890 shares during the period. 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.