RXO (NYSE:RXO) Price Target Raised to $30.00

RXO (NYSE:RXO) had its price objective hoisted by investment analysts at Susquehanna from $19.00 to $30.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna‘s target price points to a potential upside of 9.37% from the company’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised shares of RXO from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $22.00 to $30.00 in a report on Tuesday, October 6th. Wells Fargo & Company raised their price objective on shares of RXO from $23.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 6th. The Goldman Sachs Group lifted their target price on RXO from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Stephens raised shares of RXO to a “hold” rating in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price target on RXO in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.69.

RXO Price Performance

Shares of RXO stock opened at $27.43 on Monday. The company has a market capitalization of $4.52 billion, a P/E ratio of -53.78 and a beta of 1.95. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.30. RXO has a 12 month low of $10.43 and a 12 month high of $29.90. The stock has a 50 day moving average of $23.75 and a two-hundred day moving average of $21.02.

RXO (NYSE:RXO) last posted its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. RXO had a negative net margin of 1.35% and a negative return on equity of 0.07%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts expect that RXO will post 0.16 EPS for the current year.

Hedge Funds Weigh In On RXO

Large investors have recently modified their holdings of the stock. Maple Rock Capital Partners Inc. bought a new stake in shares of RXO during the 2nd quarter worth about $71,283,000. Dimensional Fund Advisors LP raised its holdings in RXO by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,903 shares of the company’s stock valued at $29,949,000 after acquiring an additional 504,955 shares during the period. Principal Financial Group Inc. raised its holdings in RXO by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 798,285 shares of the company’s stock valued at $11,671,000 after acquiring an additional 16,029 shares during the period. Bank of America Corp DE boosted its holdings in shares of RXO by 128.6% during the first quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock worth $10,586,000 after acquiring an additional 407,285 shares during the period. Finally, Emerald Advisers LLC grew its position in shares of RXO by 434,029.7% in the first quarter. Emerald Advisers LLC now owns 438,471 shares of the company’s stock valued at $6,410,000 after purchasing an additional 438,370 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

About RXO

RXO, Inc is a transportation and logistics company that connects shippers with motor carriers and other transportation providers. The company primarily operates an asset-light business model, arranging freight transportation rather than owning a large fleet of trucks.

Its services include truckload freight brokerage, managed transportation and last-mile delivery. RXO uses technology and logistics expertise to help businesses source transportation capacity, manage shipments and coordinate deliveries across their supply chains.

RXO serves customers throughout North America, including the United States, Canada and Mexico.