Susquehanna Issues Pessimistic Forecast for RXO (NYSE:RXO) Stock Price

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

Several other research firms have also weighed in on RXO. Jefferies Financial Group cut their target price on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of RXO in a research report on Friday, March 7th. They issued a “hold” rating and a $19.00 price objective for the company. Wells Fargo & Company reduced 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. 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. Finally, Morgan Stanley decreased their target price 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. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.33.

RXO Trading Down 2.5 %

Shares of RXO stock opened at $18.86 on Wednesday. The stock has a market cap of $3.08 billion, a PE ratio of -8.90, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The firm has a fifty day moving average price of $21.31 and a 200 day moving average price of $25.19. RXO has a 1 year low of $17.50 and a 1 year high of $32.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33.

RXO (NYSE:RXO) last issued its quarterly earnings data 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 positive return on equity of 1.53% and a negative net margin of 6.26%. Equities research analysts predict that RXO will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On RXO

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of RXO by 24.8% in the fourth quarter. Wellington Management Group LLP now owns 1,952,884 shares of the company’s stock valued at $46,557,000 after purchasing an additional 387,766 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of RXO by 48.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,115 shares of the company’s stock valued at $432,000 after acquiring an additional 5,874 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of RXO during the 4th quarter valued at about $3,738,000. Mackenzie Financial Corp boosted its holdings in RXO by 37.2% in the 4th quarter. Mackenzie Financial Corp now owns 9,967 shares of the company’s stock valued at $238,000 after purchasing an additional 2,700 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of RXO by 15.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 285,504 shares of the company’s stock valued at $6,806,000 after buying an additional 37,916 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.