RXO (NYSE:RXO) Stock Price Expected to Rise, Susquehanna Analyst Says

RXO (NYSE:RXO) had its target price boosted by analysts at Susquehanna from $12.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “negative” rating on the stock. Susquehanna’s price target indicates a potential downside of 27.46% from the stock’s current price.

A number of other research analysts also recently commented on the company. Zacks Research raised RXO from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup boosted their price target on RXO from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Monday, February 9th. Barclays boosted their price target on RXO from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, TD Cowen reissued a “hold” rating on shares of RXO in a report on Friday, January 9th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

RXO Stock Up 0.9%

RXO stock opened at $19.30 on Wednesday. The company has a market cap of $3.18 billion, a PE ratio of -33.28, a price-to-earnings-growth ratio of 34.21 and a beta of 1.65. The business has a 50-day simple moving average of $15.17 and a 200 day simple moving average of $14.90. RXO has a 52 week low of $10.43 and a 52 week high of $20.18. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

RXO (NYSE:RXO) last posted its quarterly 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 company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. Sell-side analysts anticipate that RXO will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

A number of institutional investors have recently modified their holdings of RXO. Orbis Allan Gray Ltd increased its holdings in RXO by 6.5% in the 4th quarter. Orbis Allan Gray Ltd now owns 34,677,755 shares of the company’s stock worth $438,327,000 after purchasing an additional 2,104,597 shares in the last quarter. Vanguard Group Inc. increased its holdings in RXO by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 17,309,811 shares of the company’s stock worth $218,796,000 after purchasing an additional 93,130 shares in the last quarter. Wellington Management Group LLP increased its holdings in RXO by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 9,998,681 shares of the company’s stock worth $153,780,000 after purchasing an additional 735,810 shares in the last quarter. Finepoint Capital LP acquired a new position in RXO in the 3rd quarter worth about $111,764,000. Finally, State Street Corp increased its holdings in RXO by 3.7% in the 4th quarter. State Street Corp now owns 6,370,232 shares of the company’s stock worth $80,520,000 after purchasing an additional 230,053 shares in the last quarter. 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.