RXO (NYSE:RXO) Given New $30.00 Price Target at Jefferies Financial Group

RXO (NYSE:RXO) had its target price decreased by Jefferies Financial Group from $33.00 to $30.00 in a research report released on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research analysts have also weighed in on the stock. Wells Fargo & Company lowered their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday. Oppenheimer reiterated an “outperform” rating and issued a $31.00 target price on shares of RXO in a report on Tuesday, September 17th. Citigroup cut RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 price objective on shares of RXO in a research note on Monday, November 18th. Finally, Susquehanna decreased their target price 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 given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.77.

RXO Stock Down 3.7 %

Shares of NYSE RXO opened at $24.26 on Friday. The company has a market capitalization of $3.90 billion, a P/E ratio of -12.25, a P/E/G ratio of 15.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50 day simple moving average of $27.15 and a 200-day simple moving average of $27.79. RXO has a 1 year low of $18.75 and a 1 year high of $32.82.

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

Institutional Investors Weigh In On RXO

Large investors have recently modified their holdings of the company. MFN Partners Management LP increased its holdings in RXO by 11.0% in the second quarter. MFN Partners Management LP now owns 17,310,856 shares of the company’s stock valued at $452,679,000 after buying an additional 1,722,301 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of RXO during the 3rd quarter worth about $27,964,000. Zimmer Partners LP acquired a new stake in shares of RXO during the 3rd quarter worth about $22,680,000. Driehaus Capital Management LLC acquired a new stake in shares of RXO during the 2nd quarter worth about $19,965,000. Finally, Franklin Resources Inc. acquired a new position in RXO in the third quarter valued at approximately $22,344,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.