RXO (NYSE:RXO) Given New $27.00 Price Target at Stifel Nicolaus

RXO (NYSE:RXO) had its target price upped by Stifel Nicolaus from $26.00 to $27.00 in a research report report published on Thursday,Benzinga reports. They currently have a hold rating on the stock.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company decreased their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Susquehanna decreased their price objective on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.79.

RXO Stock Up 1.4 %

RXO stock opened at $26.20 on Thursday. The stock has a market cap of $4.21 billion, a P/E ratio of -13.23, a PEG ratio of 3.72 and a beta of 1.52. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. RXO has a twelve month low of $18.75 and a twelve month high of $32.82. The company’s 50 day moving average is $26.54 and its two-hundred day moving average is $27.75.

RXO (NYSE:RXO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. During the same period last year, the business earned $0.05 EPS. RXO’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts expect that RXO will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RXO

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in RXO by 40.0% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after buying an additional 510 shares during the period. Blue Trust Inc. grew its holdings in shares of RXO by 79.7% in the 4th quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after acquiring an additional 510 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. Glenmede Trust Co. NA increased its stake in RXO by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,923 shares of the company’s stock valued at $390,000 after purchasing an additional 650 shares in the last quarter. Finally, KBC Group NV raised its holdings in RXO by 28.1% during the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock worth $114,000 after purchasing an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

About RXO

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.