Susquehanna Cuts RXO (NYSE:RXO) Price Target to $12.00

RXO (NYSE:RXO) had its price objective decreased by Susquehanna from $16.00 to $12.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Susquehanna currently has a negative rating on the stock.

RXO has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on RXO from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. Wells Fargo & Company restated an “equal weight” rating and issued a $31.00 price target on shares of RXO in a report on Monday, November 11th. TD Cowen boosted their price objective on shares of RXO from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group lowered their target price on shares of RXO from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.29.

RXO Stock Down 0.9 %

Shares of NYSE:RXO opened at $27.25 on Tuesday. The stock has a market cap of $4.38 billion, a P/E ratio of -13.76, a price-to-earnings-growth ratio of 15.00 and a beta of 1.33. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. RXO has a 52-week low of $18.75 and a 52-week high of $32.82. The business’s 50 day moving average is $27.85 and its 200 day moving average is $26.04.

RXO (NYSE:RXO) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS 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 analyst estimates of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. Sell-side analysts predict that RXO will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its position in RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after buying an additional 570 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after acquiring an additional 510 shares during the last quarter. Motco increased its stake in shares of RXO by 5,450.0% in the first quarter. Motco now owns 2,442 shares of the company’s stock worth $53,000 after acquiring an additional 2,398 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of RXO by 2,235.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock worth $80,000 after purchasing an additional 3,487 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after purchasing an additional 890 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

About 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.