RXO (NYSE:RXO) Given New $18.00 Price Target at Citigroup

RXO (NYSE:RXO) had its target price boosted by Citigroup from $15.00 to $18.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Wall Street Zen lowered RXO from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research downgraded RXO from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Barclays decreased their target price on RXO from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, Wolfe Research upgraded shares of RXO from an “underperform” rating to a “peer perform” rating in a report on Friday, November 14th. Four 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, the company presently has an average rating of “Hold” and an average price target of $16.33.

RXO Stock Down 4.8%

Shares of RXO opened at $16.09 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $14.48 and a 200 day moving average of $15.16. The company has a market cap of $2.64 billion, a PE ratio of -27.74, a P/E/G ratio of 10.22 and a beta of 1.73. RXO has a 52-week low of $10.43 and a 52-week high of $22.17.

RXO (NYSE:RXO) last announced its earnings results 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 analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts expect that RXO will post 0.31 EPS for the current year.

Insider Buying and Selling at RXO

In other news, Director Troy A. Cooper acquired 8,317 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $10.61 per share, for a total transaction of $88,243.37. Following the completion of the acquisition, the director directly owned 275,416 shares of the company’s stock, valued at $2,922,163.76. The trade was a 3.11% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of RXO in the 4th quarter worth approximately $25,000. AlphaQuest LLC bought a new position in RXO in the second quarter worth approximately $29,000. Geneos Wealth Management Inc. purchased a new stake in RXO during the first quarter worth $30,000. Quarry LP bought a new stake in RXO during the 3rd quarter valued at $33,000. Finally, Larson Financial Group LLC boosted its position in RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after acquiring an additional 1,644 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

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.