The Goldman Sachs Group Reaffirms “Neutral” Rating for RXO (NYSE:RXO)

The Goldman Sachs Group restated their neutral rating on shares of RXO (NYSE:RXO) in a report published on Monday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has a $29.00 target price on the stock.

Several other analysts have also recently commented on the company. Jefferies Financial Group reduced their price target on RXO from $33.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. TD Cowen upped their price target 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. UBS Group increased their price target on shares of RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Oppenheimer restated an “outperform” rating and set a $31.00 target price on shares of RXO in a research report on Tuesday, September 17th. Finally, Susquehanna dropped their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RXO currently has a consensus rating of “Hold” and an average price target of $26.47.

RXO Stock Up 1.3 %

Shares of RXO stock opened at $27.91 on Monday. RXO has a one year low of $18.75 and a one year high of $32.82. The company has a market cap of $4.49 billion, a P/E ratio of -14.10, a PEG ratio of 14.77 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a fifty day moving average of $27.97 and a two-hundred day moving average of $26.26.

RXO (NYSE:RXO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $1.04 billion for 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 business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. On average, analysts forecast that RXO will post 0.12 earnings per share for the current year.

Institutional Trading of RXO

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of RXO by 16.9% during the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock worth $85,563,000 after purchasing an additional 441,994 shares during the last quarter. Barclays PLC lifted its position in RXO by 185.5% during the third quarter. Barclays PLC now owns 908,873 shares of the company’s stock worth $25,449,000 after buying an additional 590,530 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after buying an additional 570 shares during the last quarter. Zimmer Partners LP purchased a new stake in RXO in the 3rd quarter valued at about $22,680,000. Finally, Wolverine Trading LLC acquired a new position in shares of RXO during the 3rd quarter valued at about $233,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.