RXO (NYSE:RXO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

RXO (NYSE:RXO) had its price objective increased by analysts at Stifel Nicolaus from $26.00 to $27.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 3.21% from the stock’s current price.

Several other analysts have also weighed in on the company. Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Tuesday, November 12th. Susquehanna decreased their target price on shares of RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research report on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price objective on shares of RXO in a report on Monday, November 18th. Finally, Jefferies Financial Group reduced their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.79.

RXO Stock Up 1.3 %

Shares of RXO stock traded up $0.33 on Thursday, hitting $26.16. 64,612 shares of the company traded hands, compared to its average volume of 849,015. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. RXO has a 12-month low of $18.75 and a 12-month high of $32.82. The company has a 50-day moving average price of $26.57 and a 200 day moving average price of $27.76. The company has a market cap of $4.21 billion, a PE ratio of -13.19, a PEG ratio of 3.72 and a beta of 1.52.

RXO (NYSE:RXO) last posted its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts predict that RXO will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RXO. Loomis Sayles & Co. L P bought a new stake in RXO during the 3rd quarter worth about $27,964,000. Zimmer Partners LP acquired a new position in shares of RXO during the 3rd quarter worth approximately $22,680,000. Driehaus Capital Management LLC acquired a new position in RXO during the second quarter worth $19,965,000. Franklin Resources Inc. acquired a new position in shares of RXO during the 3rd quarter worth about $22,344,000. Finally, Victory Capital Management Inc. raised its stake in RXO by 1,772.4% in the 3rd quarter. Victory Capital Management Inc. now owns 761,230 shares of the company’s stock valued at $21,314,000 after acquiring an additional 720,574 shares during the period. Institutional investors and hedge funds 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.