RXO (NYSE:RXO) Now Covered by Citigroup

Citigroup started coverage on shares of RXO (NYSE:RXO) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $33.00 target price on the stock.

Several other research firms also recently weighed in on RXO. JPMorgan Chase & Co. boosted their target price on RXO from $25.00 to $26.00 and gave the company an underweight rating in a research report on Thursday, August 8th. UBS Group increased their price objective on shares of RXO from $22.00 to $31.00 and gave the company a neutral rating in a research note on Thursday, August 8th. 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. Susquehanna cut their price target on RXO from $20.00 to $16.00 and set a negative rating on the stock in a report on Thursday, September 26th. Finally, Morgan Stanley lifted their target price on RXO from $19.00 to $26.00 and gave the company an equal weight rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $26.23.

RXO Stock Performance

Shares of NYSE RXO opened at $29.88 on Wednesday. The firm’s fifty day moving average is $27.76 and its two-hundred day moving average is $24.64. RXO has a 52-week low of $16.94 and a 52-week high of $32.82. The company has a market cap of $3.51 billion, a P/E ratio of -332.00, a P/E/G ratio of 13.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.17 and a current ratio of 1.17.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $934.14 million. During the same quarter in the previous year, the company posted $0.08 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. As a group, analysts anticipate that RXO will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RXO. GAMMA Investing LLC grew its stake in shares of RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after purchasing an additional 510 shares during the period. Motco grew its holdings in RXO by 5,450.0% in the first quarter. Motco now owns 2,442 shares of the company’s stock valued at $53,000 after purchasing an additional 2,398 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of RXO by 2,235.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock valued at $80,000 after buying an additional 3,487 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in RXO in the 2nd quarter valued at $112,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of RXO by 62.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company’s stock worth $121,000 after buying an additional 1,987 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

RXO Company Profile

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.