The Goldman Sachs Group Lowers RXO (NYSE:RXO) Price Target to $24.00

RXO (NYSE:RXO) had its price objective lowered by The Goldman Sachs Group from $28.00 to $24.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on RXO. Wells Fargo & Company cut their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Barclays dropped their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley reduced their price target on shares of RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.14.

RXO Trading Down 0.2 %

Shares of NYSE RXO opened at $21.46 on Thursday. 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 of $25.79 and a 200 day moving average of $27.51.

RXO (NYSE:RXO) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. On average, sell-side analysts expect that RXO will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On RXO

A number of hedge funds and other institutional investors have recently bought and sold shares of RXO. Blue Trust Inc. lifted its position in shares of RXO by 79.7% during the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock worth $27,000 after purchasing an additional 510 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in RXO during the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its holdings in RXO by 228.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after buying an additional 868 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position 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 buying an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in RXO by 407.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock valued at $43,000 after buying an additional 1,445 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

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.