Citigroup Reaffirms Neutral Rating for RXO (NYSE:RXO)

RXO (NYSE:RXO)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup in a report released on Wednesday, MarketBeat.com reports. They presently have a $18.00 target price on the stock, up from their previous target price of $15.00. Citigroup’s price target points to a potential upside of 18.03% from the company’s current price.

A number of other research firms also recently weighed in on RXO. Morgan Stanley reduced their target price on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Oppenheimer downgraded shares of RXO from an “outperform” rating to a “market perform” rating in a research report on Friday, April 4th. Stifel Nicolaus reduced their target price on shares of RXO from $24.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RXO in a research report on Friday, March 7th. They issued a “hold” rating and a $19.00 target price on the stock. Finally, Bank of America upped their target price on shares of RXO from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.00.

RXO Price Performance

Shares of RXO stock opened at $15.25 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $15.54 and its two-hundred day simple moving average is $21.57. The company has a market cap of $2.50 billion, a P/E ratio of -7.19, a PEG ratio of 4.55 and a beta of 1.71. RXO has a 12-month low of $12.19 and a 12-month high of $32.82.

RXO (NYSE:RXO) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.51 billion. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. Research analysts anticipate that RXO will post 0.31 EPS for the current year.

Institutional Trading of RXO

Several institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in RXO by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,863 shares of the company’s stock valued at $783,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. lifted its stake in RXO by 79.7% during the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after acquiring an additional 510 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in RXO by 1.8% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,865 shares of the company’s stock valued at $712,000 after acquiring an additional 518 shares during the period. Mutual of America Capital Management LLC lifted its stake in RXO by 2.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 21,190 shares of the company’s stock valued at $505,000 after acquiring an additional 551 shares during the period. Finally, Maryland State Retirement & Pension System lifted its stake in RXO by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 47,110 shares of the company’s stock valued at $1,123,000 after acquiring an additional 747 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.