Jefferies Financial Group Cuts RXO (NYSE:RXO) Price Target to $30.00

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

RXO has been the subject of several other reports. 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. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Wells Fargo & Company lowered their price objective on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Susquehanna lowered their price objective on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Finally, Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.77.

RXO Stock Performance

NYSE RXO opened at $24.26 on Friday. The stock has a market capitalization of $3.90 billion, a PE ratio of -12.25, a P/E/G ratio of 15.82 and a beta of 1.52. The business has a 50 day simple moving average of $27.15 and a two-hundred day simple moving average of $27.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. RXO has a 1-year low of $18.75 and a 1-year high of $32.82.

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

Institutional Investors Weigh In On RXO

A number of institutional investors and hedge funds have recently bought and sold shares of RXO. Wilmington Savings Fund Society FSB purchased a new position in shares of RXO in the 3rd quarter valued at $28,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of RXO by 68.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock valued at $39,000 after acquiring an additional 570 shares during the period. GAMMA Investing LLC increased its holdings in shares of RXO by 40.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $50,000 after acquiring an additional 510 shares during the period. KBC Group NV increased its holdings in shares of RXO by 28.1% in the 3rd quarter. KBC Group NV now owns 4,055 shares of the company’s stock valued at $114,000 after acquiring an additional 890 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of RXO in the 2nd quarter valued at $112,000. 92.73% of the stock is owned by 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.