Susquehanna Issues Positive Forecast for RXO (NYSE:RXO) Stock Price

RXO (NYSE:RXO) had its target price raised by Susquehanna from $12.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. Susquehanna currently has a negative rating on the stock.

Several other research analysts have also commented on the stock. UBS Group restated a “neutral” rating on shares of RXO in a report on Sunday, February 8th. Bank of America dropped their price objective on shares of RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Zacks Research raised shares of RXO from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup lifted their target price on shares of RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Barclays upped their price target on shares of RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.00.

RXO Stock Performance

Shares of NYSE:RXO opened at $19.09 on Wednesday. The firm has a market capitalization of $3.14 billion, a PE ratio of -32.90, a P/E/G ratio of 35.01 and a beta of 1.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50-day moving average of $15.04 and a two-hundred day moving average of $14.87. RXO has a 12 month low of $10.43 and a 12 month high of $20.18.

RXO (NYSE:RXO) last released its quarterly earnings data on Friday, February 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, research analysts forecast that RXO will post 0.02 earnings per share for the current year.

Institutional Trading of RXO

Several large investors have recently bought and sold shares of RXO. Finepoint Capital LP acquired a new position in shares of RXO during the third quarter worth $111,764,000. Orbis Allan Gray Ltd boosted its stake in shares of RXO by 6.5% in the fourth quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock valued at $438,327,000 after purchasing an additional 2,104,597 shares during the period. Franklin Resources Inc. grew its holdings in RXO by 91.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,328,843 shares of the company’s stock valued at $35,818,000 after purchasing an additional 1,110,530 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in RXO during the 4th quarter worth $11,224,000. Finally, Wellington Management Group LLP increased its stake in RXO by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock worth $153,780,000 after buying an additional 735,810 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.