RXO (NYSE:RXO) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of RXO (NYSE:RXO) in a report issued on Friday, MarketBeat reports. The brokerage set a “hold” rating and a $19.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 4.16% from the company’s current price.

RXO has been the topic of several other reports. Citigroup lowered shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Tuesday, November 12th. Morgan Stanley lowered their price target on RXO from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Barclays decreased their target price on RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Benchmark reissued a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.93.

RXO Trading Down 3.0 %

Shares of NYSE:RXO opened at $19.83 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. RXO has a 12-month low of $18.75 and a 12-month high of $32.82. The business has a 50 day moving average of $23.13 and a two-hundred day moving average of $26.18. The company has a market capitalization of $3.24 billion, a PE ratio of -9.35, a PEG ratio of 4.55 and a beta of 1.67.

RXO (NYSE:RXO) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. As a group, analysts forecast that RXO will post 0.31 EPS for the current year.

Institutional Trading of RXO

Several large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in RXO in the 3rd quarter worth approximately $28,000. Blue Trust Inc. increased its holdings in shares of RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after purchasing an additional 510 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in RXO by 228.4% during the fourth 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 stake in RXO by 68.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after buying an additional 570 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 in 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.