Jefferies Financial Group Has Lowered Expectations for RXO (NYSE:RXO) Stock Price

RXO (NYSE:RXO) had its price target cut by equities research analysts at Jefferies Financial Group from $33.00 to $30.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 23.66% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company cut their price target on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Oppenheimer restated an “outperform” rating and set a $31.00 price target on shares of RXO in a research report on Tuesday, September 17th. Citigroup cut RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Tuesday, November 12th. Finally, Susquehanna reduced their price objective on RXO from $16.00 to $12.00 and set a “negative” rating on the stock in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.77.

RXO Trading Down 3.7 %

Shares of RXO opened at $24.26 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.90 billion, a PE ratio of -12.25, a PEG ratio of 15.82 and a beta of 1.52. RXO has a 1 year low of $18.75 and a 1 year high of $32.82. The stock has a 50 day simple moving average of $27.15 and a 200-day simple moving average of $27.81.

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

Institutional Trading of RXO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MFN Partners Management LP lifted its position in RXO by 11.0% during the 2nd quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock valued at $452,679,000 after purchasing an additional 1,722,301 shares during the period. State Street Corp raised its stake in shares of 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 last quarter. Geode Capital Management LLC lifted its holdings in RXO by 16.9% in the third quarter. Geode Capital Management LLC now owns 3,055,229 shares of the company’s stock valued at $85,563,000 after buying an additional 441,994 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in RXO by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,068,380 shares of the company’s stock valued at $57,915,000 after acquiring an additional 136,886 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in RXO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,032,929 shares of the company’s stock worth $53,153,000 after acquiring an additional 176,041 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.