RXO (NYSE:RXO – Free Report) had its target price lowered by Jefferies Financial Group from $26.00 to $20.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.
Several other analysts also recently weighed in on RXO. Susquehanna dropped their price objective on RXO from $18.00 to $13.00 and set a “negative” rating for the company in a research report on Wednesday, March 26th. Stifel Nicolaus dropped their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 price target on the stock. Citigroup lowered their price objective on shares of RXO from $23.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their target price on shares of 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 equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.73.
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RXO Price Performance
RXO (NYSE:RXO – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. RXO had a negative net margin of 6.26% and a positive return on equity of 1.53%. On average, equities research analysts predict that RXO will post 0.31 EPS for the current fiscal year.
Institutional Investors Weigh In On RXO
Several institutional investors and hedge funds have recently made changes to their positions in RXO. FMR LLC lifted its stake in shares of RXO by 439.5% in the third quarter. FMR LLC now owns 47,837 shares of the company’s stock worth $1,339,000 after acquiring an additional 38,970 shares during the period. Raymond James Financial Inc. bought a new position in RXO during the 4th quarter worth approximately $1,588,000. Charles Schwab Investment Management Inc. lifted its position in shares of RXO by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,033 shares of the company’s stock worth $51,138,000 after purchasing an additional 76,653 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of RXO in the 4th quarter valued at $2,004,000. Finally, Victory Capital Management Inc. increased its position in shares of RXO by 11.6% during the fourth quarter. Victory Capital Management Inc. now owns 849,340 shares of the company’s stock worth $20,248,000 after buying an additional 88,110 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.
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.
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