RXO (NYSE:RXO) Price Target Raised to $17.00 at Barclays

RXO (NYSE:RXO) had its price target hoisted by stock analysts at Barclays from $15.00 to $17.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 3.09% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Truist Financial increased their price objective on RXO from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Stifel Nicolaus set a $15.00 price target on shares of RXO in a report on Thursday, February 5th. UBS Group reiterated a “neutral” rating on shares of RXO in a research note on Sunday, February 8th. Finally, TD Cowen reissued a “hold” rating on shares of RXO in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.47.

RXO Stock Up 0.3%

Shares of RXO traded up $0.05 on Wednesday, hitting $16.49. 324,790 shares of the stock traded hands, compared to its average volume of 2,559,608. RXO has a one year low of $10.43 and a one year high of $20.58. The company has a market capitalization of $2.71 billion, a PE ratio of -28.43, a P/E/G ratio of 11.43 and a beta of 1.67. The business has a 50 day simple moving average of $14.78 and a 200 day simple moving average of $15.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27.

RXO (NYSE:RXO) last issued its earnings results on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. As a group, equities analysts forecast that RXO will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of RXO

Large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its holdings in RXO by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,543 shares of the company’s stock valued at $475,000 after buying an additional 600 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of RXO by 6.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,453 shares of the company’s stock valued at $176,000 after acquiring an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC grew its position 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 acquiring an additional 661 shares during the period. New York State Teachers Retirement System increased its stake in shares of RXO by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 116,604 shares of the company’s stock worth $1,793,000 after purchasing an additional 700 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in RXO by 27.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock worth $49,000 after purchasing an additional 701 shares during the period. 92.73% of the stock is currently owned by institutional investors.

RXO Company Profile

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.