RXO (NYSE:RXO) Given New $20.00 Price Target at Truist Financial

RXO (NYSE:RXO) had its target price boosted by Truist Financial from $18.00 to $20.00 in a report published on Monday, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on RXO. Zacks Research cut RXO from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. Susquehanna upped their price target on RXO from $10.00 to $11.00 and gave the stock a “negative” rating in a research note on Thursday, January 8th. Wolfe Research raised RXO from an “underperform” rating to a “peer perform” rating in a report on Friday, November 14th. TD Cowen reiterated a “hold” rating on shares of RXO in a research report on Friday, January 9th. Finally, Barclays dropped their price objective on shares of RXO from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus price target of $16.33.

RXO Trading Down 4.8%

Shares of RXO stock opened at $16.09 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.32 and a current ratio of 1.27. The company has a market capitalization of $2.64 billion, a P/E ratio of -27.74, a PEG ratio of 10.22 and a beta of 1.73. RXO has a 1 year low of $10.43 and a 1 year high of $22.17. The company’s fifty day moving average is $14.48 and its two-hundred day moving average is $15.16.

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). RXO had a negative net margin of 1.74% and a negative return on equity of 0.44%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $0.06 earnings per share. RXO’s quarterly revenue was down 11.9% on a year-over-year basis. Analysts forecast that RXO will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other RXO news, Director Troy A. Cooper acquired 8,317 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $10.61 per share, for a total transaction of $88,243.37. Following the completion of the transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RXO

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of RXO by 14.3% in the first quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock valued at $444,000 after purchasing an additional 2,902 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in RXO by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock worth $1,813,000 after buying an additional 4,134 shares during the period. Geneos Wealth Management Inc. purchased a new position in RXO in the first quarter valued at about $30,000. Strs Ohio purchased a new position in RXO in the first quarter valued at about $97,000. Finally, Maryland State Retirement & Pension System lifted its position in shares of RXO by 1.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 41,910 shares of the company’s stock valued at $659,000 after acquiring an additional 751 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

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.