Jefferies Financial Group Has Lowered Expectations for RXO (NYSE:RXO) Stock Price

RXO (NYSE:RXOFree Report) had its price target decreased by Jefferies Financial Group from $33.00 to $30.00 in a research note published on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

RXO has been the subject of a number of other reports. Oppenheimer reaffirmed an “outperform” rating and issued a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Citigroup cut RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their price objective on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.77.

Read Our Latest Research Report on RXO

RXO Stock Down 3.7 %

RXO stock opened at $24.26 on Friday. The stock has a 50-day simple moving average of $27.15 and a 200-day simple moving average of $27.79. The company has a market capitalization of $3.90 billion, a P/E ratio of -12.25, a PEG ratio of 15.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. RXO has a fifty-two week low of $18.75 and a fifty-two week high of $32.82.

RXO (NYSE:RXOGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $956.19 million. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. Equities research analysts expect that RXO will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RXO. Wilmington Savings Fund Society FSB purchased a new stake in shares of RXO during the 3rd quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. boosted its position in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares in the last quarter. GAMMA Investing LLC grew its holdings in RXO by 40.0% in the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after purchasing an additional 510 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of RXO in the second quarter valued at $112,000. Finally, KBC Group NV raised its stake in shares of RXO by 28.1% during the 3rd quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after buying an additional 890 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for RXO (NYSE:RXO)

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