Susquehanna Lowers RXO (NYSE:RXO) Price Target to $13.00

RXO (NYSE:RXO) had its price objective reduced by Susquehanna from $18.00 to $13.00 in a report released on Wednesday morning,Benzinga reports. They currently have a negative rating on the stock.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group lowered their price target on RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Barclays dropped their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley reduced their price target on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 target price on the stock. Finally, Truist Financial started coverage on shares of RXO in a research report on Thursday, March 13th. They set a “buy” rating and a $24.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.87.

RXO Stock Down 0.4 %

Shares of NYSE:RXO opened at $19.04 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -8.98, a PEG ratio of 4.55 and a beta of 1.67. The stock’s 50-day moving average price is $21.56 and its two-hundred day moving average price is $25.29. RXO has a 12-month low of $17.50 and a 12-month high of $32.82.

RXO (NYSE:RXO) last released its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, research analysts forecast that RXO will post 0.31 EPS for the current year.

Hedge Funds Weigh In On RXO

Several institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in RXO during the 3rd quarter worth $28,000. Blue Trust Inc. grew its position in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after acquiring an additional 510 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after acquiring an additional 868 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after purchasing an additional 1,445 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

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.