Recent Research Analysts’ Ratings Changes for RXO (RXO)

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) 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

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in RXO by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,869,583 shares of the company’s stock worth $43,489,000 after buying an additional 93,885 shares during the period. Douglas Lane & Associates LLC raised its holdings in shares of RXO by 2.6% in the first quarter. Douglas Lane & Associates LLC now owns 2,646,147 shares of the company’s stock valued at $57,871,000 after purchasing an additional 66,757 shares during the last quarter. Norges Bank acquired a new stake in shares of RXO in the fourth quarter valued at approximately $24,250,000. GSA Capital Partners LLP raised its holdings in shares of RXO by 433.8% in the first quarter. GSA Capital Partners LLP now owns 56,002 shares of the company’s stock valued at $1,225,000 after purchasing an additional 45,510 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of RXO in the first quarter valued at approximately $542,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.