RXO (NYSE:RXO) Given New $15.00 Price Target at Bank of America

RXO (NYSE:RXO) had its target price trimmed by Bank of America from $17.00 to $15.00 in a report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of RXO in a research note on Monday, December 22nd. Barclays increased their price target on RXO from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Stephens set a $15.00 price objective on shares of RXO in a research report on Monday, February 9th. Citigroup boosted their price objective on shares of RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, UBS Group restated a “neutral” rating on shares of RXO in a research report on Sunday, February 8th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.07.

RXO Trading Up 3.3%

Shares of RXO stock opened at $14.38 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $2.36 billion, a P/E ratio of -24.80, a PEG ratio of 9.78 and a beta of 1.67. RXO has a 1 year low of $10.43 and a 1 year high of $19.65. The company’s fifty day moving average is $14.78 and its two-hundred day moving average is $14.88.

RXO (NYSE:RXO) last announced its earnings results on Friday, February 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $1.47 billion during 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%. RXO’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Analysts forecast that RXO will post 0.31 earnings per share for the current year.

Institutional Trading of RXO

Several hedge funds have recently modified their holdings of RXO. Flagship Harbor Advisors LLC purchased a new position in shares of RXO in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in RXO during the first quarter worth about $30,000. Quarry LP purchased a new position in RXO in the third quarter valued at about $33,000. Larson Financial Group LLC increased its holdings in RXO by 146.5% in the third quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after acquiring an additional 701 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

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.