RXO (NYSE:RXO) Given New $13.00 Price Target at Susquehanna

RXO (NYSE:RXO) had its price target cut by Susquehanna from $18.00 to $13.00 in a report published on Wednesday,Benzinga reports. They currently have a negative rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their price target 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. Deutsche Bank Aktiengesellschaft assumed coverage on RXO in a research report on Friday, March 7th. They set a “hold” rating and a $19.00 price target on the stock. Truist Financial assumed coverage on RXO in a report on Thursday, March 13th. They issued a “buy” rating and a $24.00 price objective for the company. Benchmark reiterated a “hold” rating on shares of RXO in a research report on Wednesday, January 15th. Finally, Barclays lowered their price objective on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, RXO presently has an average rating of “Hold” and an average target price of $25.87.

RXO Price Performance

RXO stock opened at $19.04 on Wednesday. The stock has a market cap of $3.11 billion, a P/E ratio of -8.98, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The company has a fifty day simple moving average of $21.56 and a 200-day simple moving average of $25.29. 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 $17.50 and a 12-month high of $32.82.

RXO (NYSE:RXO) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS 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%. Equities analysts expect that RXO will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On RXO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in RXO by 13.2% in the 4th quarter. Vanguard Group Inc. now owns 17,203,721 shares of the company’s stock valued at $410,137,000 after purchasing an additional 2,009,937 shares in the last quarter. FIL Ltd increased its position in shares of RXO by 10.4% in the fourth quarter. FIL Ltd now owns 6,327,889 shares of the company’s stock valued at $150,857,000 after buying an additional 596,158 shares in the last quarter. State Street Corp raised its stake in shares of RXO by 13.3% during the 3rd 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 boosted its position in shares of RXO by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 3,362,721 shares of the company’s stock worth $80,185,000 after buying an additional 307,492 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in RXO by 27.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company’s stock valued at $56,629,000 after acquiring an additional 508,330 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.