Barclays Has Lowered Expectations for RXO (NYSE:RXO) Stock Price

RXO (NYSE:RXO) had its price objective trimmed by Barclays from $32.00 to $30.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also issued reports on RXO. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Wednesday. Susquehanna cut their price objective on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 target price on shares of RXO in a report on Monday, November 18th. Wells Fargo & Company lowered their price target on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup downgraded RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, RXO has an average rating of “Hold” and a consensus target price of $26.77.

RXO Stock Performance

Shares of RXO stock opened at $25.18 on Friday. RXO has a twelve month low of $18.75 and a twelve month high of $32.82. 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 business has a 50-day moving average price of $26.73 and a 200 day moving average price of $27.78.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $956.19 million. During the same period in the previous year, the business earned $0.05 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that RXO will post 0.11 EPS for the current fiscal year.

Institutional Trading of RXO

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in RXO during the third quarter worth $28,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after purchasing an additional 1,445 shares during the last quarter. GAMMA Investing LLC raised its holdings in RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after buying an additional 510 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in RXO in the second quarter valued at about $112,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.

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.