Morgan Stanley Lowers RXO (NYSE:RXO) Price Target to $25.00

RXO (NYSE:RXO) had its price target decreased by stock analysts at Morgan Stanley from $27.00 to $25.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 22.10% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus increased their target price on shares of RXO from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Tuesday, November 12th. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group reduced their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.14.

RXO Stock Performance

NYSE:RXO opened at $20.48 on Thursday. 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 company has a fifty day moving average of $25.59 and a two-hundred day moving average of $27.44. The stock has a market capitalization of $3.29 billion, a PE ratio of -10.34, a P/E/G ratio of 3.98 and a beta of 1.53. RXO has a fifty-two week low of $18.75 and a fifty-two week high of $32.82.

RXO (NYSE:RXO) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%. As a group, research analysts forecast that RXO will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in RXO by 13.3% during the third quarter. State Street Corp now owns 5,124,927 shares of the company’s stock worth $143,498,000 after buying an additional 602,741 shares during the period. Geode Capital Management LLC boosted its stake in RXO by 16.9% during the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock worth $85,563,000 after buying an additional 441,994 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in RXO by 27.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock worth $56,629,000 after buying an additional 508,330 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in RXO by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock worth $51,138,000 after buying an additional 76,653 shares during the period. Finally, Fred Alger Management LLC boosted its stake in RXO by 31.9% during the third quarter. Fred Alger Management LLC now owns 1,751,114 shares of the company’s stock worth $49,031,000 after buying an additional 423,822 shares during the period. 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.