RXO (NYSE:RXO) Upgraded to “Outperform” at Citizens Jmp

Citizens Jmp upgraded shares of RXO (NYSE:RXO) from a market perform rating to an outperform rating in a research note released on Friday, MarketBeat.com reports. They currently have $30.00 price objective on the stock.

Several other analysts also recently weighed in on RXO. Morgan Stanley restated an “equal weight” rating and set a $22.00 target price (up from $19.00) on shares of RXO in a research note on Thursday, May 7th. The Goldman Sachs Group lifted their price target on RXO from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings raised RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Stifel Nicolaus raised their price objective on shares of RXO from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Barclays boosted their target price on shares of RXO from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.85.

RXO Price Performance

NYSE RXO opened at $21.79 on Friday. RXO has a 52-week low of $10.43 and a 52-week high of $29.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -35.72 and a beta of 2.10. The company has a 50 day simple moving average of $26.10 and a 200-day simple moving average of $20.09.

RXO (NYSE:RXO) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.63 billion. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. Equities research analysts predict that RXO will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RXO

A number of hedge funds have recently added to or reduced their stakes in RXO. Royal Bank of Canada raised its stake in shares of RXO by 14.3% during the first quarter. Royal Bank of Canada now owns 23,251 shares of the company’s stock worth $444,000 after buying an additional 2,902 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in RXO by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,940 shares of the company’s stock valued at $1,813,000 after acquiring an additional 4,134 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in RXO in the first quarter valued at approximately $30,000. Strs Ohio acquired a new stake in RXO during the 1st quarter worth $97,000. Finally, Quantbot Technologies LP acquired a new stake in RXO during the 2nd quarter worth $245,000. Institutional investors own 92.73% of the company’s stock.

Trending Headlines about RXO

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO highlighted market-share gains and profitable volume growth, including a 2% increase in truckload brokerage volume and a record sequential improvement in gross profit per load. Market Share Gains and Improved Profitability Drive Strong Second-Quarter Results for RXO
• Positive Sentiment: The earnings and revenue beats, along with stronger-than-expected operating metrics, helped drive investor enthusiasm and a positive premarket reaction. RXO Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Citizens JMP upgraded RXO from “market perform” to “outperform” and set a $30 price target, while Truist maintained a “buy” rating with a $28 target, both implying meaningful potential upside. Analyst Ratings
• Neutral Sentiment: Citi lowered its price target from $30 to $23 and shifted to a “neutral” rating, reflecting more cautious expectations despite the quarterly beat. Citi Analyst Action
• Negative Sentiment: Some analysis argues that RXO’s strong revenue growth was driven largely by higher freight rates and fuel prices, while gross profit declined and adjusted EBITDA remained flat. Rising working-capital requirements and leverage also raise concerns about the quality and durability of the recovery. RXO Still Unable To Capture Upcycle Economics

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.