RXO (NYSE:RXO) Given New $12.00 Price Target at Susquehanna

RXO (NYSE:RXO) had its price objective cut by research analysts at Susquehanna from $16.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “negative” rating on the stock. Susquehanna’s target price would indicate a potential downside of 57.45% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley increased their price objective on RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $31.00 target price on shares of RXO in a report on Monday. JPMorgan Chase & Co. lifted their price target on RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group dropped their target price on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, RXO presently has a consensus rating of “Hold” and an average target price of $26.29.

RXO Price Performance

NYSE RXO traded down $1.21 on Tuesday, reaching $28.20. 143,812 shares of the stock traded hands, compared to its average volume of 859,347. RXO has a 12 month low of $17.96 and a 12 month high of $32.82. The company has a market cap of $4.53 billion, a price-to-earnings ratio of -14.29, a P/E/G ratio of 12.28 and a beta of 1.33. The firm’s fifty day simple moving average is $27.86 and its 200 day simple moving average is $25.91. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

RXO (NYSE:RXO) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $956.19 million. During the same period in the previous year, the company earned $0.05 earnings per share. RXO’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts predict that RXO will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On RXO

Several institutional investors have recently made changes to their positions in RXO. GAMMA Investing LLC boosted its stake in shares of RXO by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock worth $50,000 after acquiring an additional 510 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in RXO by 2.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 25,537 shares of the company’s stock worth $668,000 after purchasing an additional 575 shares during the period. Arizona State Retirement System grew its holdings in RXO by 2.3% during the second quarter. Arizona State Retirement System now owns 32,906 shares of the company’s stock valued at $860,000 after purchasing an additional 751 shares during the last quarter. KBC Group NV raised its position in shares of RXO by 28.1% in the third quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after purchasing an additional 890 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of RXO by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 59,100 shares of the company’s stock valued at $1,545,000 after purchasing an additional 1,100 shares during the period. 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.