RXO (NYSE:RXO) Price Target Lowered to $20.00 at Wells Fargo & Company

RXO (NYSE:RXO) had its target price cut by Wells Fargo & Company from $22.00 to $20.00 in a research report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently commented on RXO. Jefferies Financial Group dropped their price objective on 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 initiated coverage on RXO in a research note on Friday, March 7th. They issued a “hold” rating and a $19.00 price target for the company. Truist Financial assumed coverage on shares of RXO in a research note on Thursday, March 13th. They set a “buy” rating and a $24.00 price objective on the stock. Stifel Nicolaus cut their target price on shares of RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Finally, Morgan Stanley reduced their price target 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, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus price target of $25.33.

RXO Stock Up 1.6 %

Shares of NYSE RXO opened at $19.36 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.16 billion, a PE ratio of -9.13, a price-to-earnings-growth ratio of 4.55 and a beta of 1.67. The firm’s 50-day moving average is $21.44 and its 200-day moving average is $25.25. RXO has a 1 year low of $17.50 and a 1 year high of $32.82.

RXO (NYSE:RXO) 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%. Equities analysts expect that RXO will post 0.31 EPS for the current year.

Institutional Investors Weigh In On RXO

Several institutional investors have recently bought and sold shares of RXO. Blue Trust Inc. raised its holdings in shares of RXO by 79.7% in the fourth quarter. Blue Trust Inc. now owns 1,150 shares of the company’s stock valued at $27,000 after purchasing an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in RXO in the third quarter valued at $28,000. Smartleaf Asset Management LLC increased its stake in RXO by 228.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,248 shares of the company’s stock valued at $30,000 after buying an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in RXO by 68.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,400 shares of the company’s stock worth $39,000 after buying an additional 570 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of RXO by 407.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,800 shares of the company’s stock worth $43,000 after buying an additional 1,445 shares during the last quarter. Institutional investors 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.