RXO (NYSE:RXO) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of RXO (NYSE:RXO) in a research report released on Friday, Marketbeat Ratings reports. The firm issued a hold rating and a $19.00 price objective on the stock.

RXO has been the subject of several other reports. Morgan Stanley dropped their price objective on RXO from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Barclays dropped their price objective on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price target on RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. 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 stock. According to MarketBeat.com, RXO currently has an average rating of “Hold” and an average target price of $25.93.

RXO Stock Down 3.0 %

RXO stock opened at $19.83 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $23.13 and a two-hundred day moving average price of $26.16. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -9.35, a P/E/G ratio of 4.55 and a beta of 1.67. RXO has a twelve month low of $18.75 and a twelve month high of $32.82.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted 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 worth $27,000 after acquiring an additional 510 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of RXO in the third quarter worth $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of RXO by 228.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock worth $30,000 after acquiring an additional 868 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of RXO by 68.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after acquiring an additional 570 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of RXO by 407.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after buying an additional 1,445 shares in the last quarter. 92.73% of the stock is 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.