Several analysts have recently updated their ratings and price targets for RXO (NYSE: RXO):
- 8/13/2024 – RXO had its “hold” rating reaffirmed by analysts at Benchmark Co..
- 8/13/2024 – RXO had its price target lowered by analysts at Jefferies Financial Group Inc. from $33.00 to $31.00. They now have a “buy” rating on the stock.
- 8/12/2024 – RXO had its price target raised by analysts at Morgan Stanley from $19.00 to $26.00. They now have an “equal weight” rating on the stock.
- 8/8/2024 – RXO had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $26.00. They now have an “underweight” rating on the stock.
- 8/8/2024 – RXO had its price target raised by analysts at Oppenheimer Holdings Inc. from $22.00 to $31.00. They now have an “outperform” rating on the stock.
- 8/8/2024 – RXO had its price target raised by analysts at UBS Group AG from $22.00 to $31.00. They now have a “neutral” rating on the stock.
- 8/8/2024 – RXO had its price target raised by analysts at TD Cowen from $23.00 to $28.00. They now have a “hold” rating on the stock.
- 7/16/2024 – RXO had its price target raised by analysts at Barclays PLC from $24.00 to $30.00. They now have an “overweight” rating on the stock.
- 7/9/2024 – RXO had its price target raised by analysts at JPMorgan Chase & Co. from $16.00 to $25.00. They now have an “underweight” rating on the stock.
RXO Stock Performance
Shares of NYSE:RXO opened at $27.50 on Thursday. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -305.56, a P/E/G ratio of 7.26 and a beta of 1.38. The firm’s 50 day simple moving average is $26.46 and its 200 day simple moving average is $22.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.17 and a quick ratio of 1.17. RXO, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $32.82.
RXO (NYSE:RXO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. RXO’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. As a group, sell-side analysts forecast that RXO, Inc. will post 0.14 earnings per share for the current year.
Institutional Trading of RXO
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.
Read More
- Five stocks we like better than RXO
- How to Invest in the FAANG Stocks
- Unlocking Growth: Why Arcos Dorados Belongs in Your Portfolio
- Investing In Preferred Stock vs. Common Stock
- Forget Robotaxis: Electric Air Taxis are the Next Big Investment
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Crocs Stock Slips After Earnings Beat: Will It Bounce Back?
Receive News & Ratings for RXO Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RXO Inc and related companies with MarketBeat.com's FREE daily email newsletter.