Research Analysts’ Weekly Ratings Changes for RXO (RXO)

A number of firms have modified their ratings and price targets on shares of RXO (NYSE: RXO) recently:

• 11/18/2024 – RXO had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $29.00 price target on the stock.
• 11/12/2024 – RXO was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $33.00 price target on the stock.
• 11/12/2024 – RXO had its price target lowered by analysts at Susquehanna from $16.00 to $12.00. They now have a “negative” rating on the stock.
• 11/11/2024 – RXO had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $31.00 price target on the stock.
• 10/15/2024 – RXO had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 10/9/2024 – RXO is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $33.00 price target on the stock.

RXO Stock Performance

RXO traded down $0.76 during trading on Wednesday, hitting $30.12. The stock had a trading volume of 275,863 shares, compared to its average volume of 858,203. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -15.21, a P/E/G ratio of 16.39 and a beta of 1.33. The company has a 50 day moving average price of $28.11 and a 200-day moving average price of $26.47. RXO, Inc. has a one year low of $18.75 and a one year high of $32.82.

RXO (NYSE:RXO) last posted its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $956.19 million. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. As a group, research analysts predict that RXO, Inc. will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RXO. Vanguard Group Inc. grew its stake in RXO by 0.3% in the first quarter. Vanguard Group Inc. now owns 13,294,483 shares of the company’s stock valued at $290,750,000 after acquiring an additional 45,977 shares during the period. Price T Rowe Associates Inc. MD grew its position in RXO by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 75,802 shares of the company’s stock valued at $1,658,000 after purchasing an additional 1,663 shares during the period. Comerica Bank increased its stake in RXO by 219.0% during the 1st quarter. Comerica Bank now owns 170,377 shares of the company’s stock valued at $3,726,000 after purchasing an additional 116,974 shares in the last quarter. Swedbank AB acquired a new position in RXO during the first quarter worth $76,982,000. Finally, Boston Partners lifted its stake in shares of RXO by 150.0% in the first quarter. Boston Partners now owns 42,526 shares of the company’s stock valued at $930,000 after buying an additional 25,519 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

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.