RXO (NYSE:RXO) Upgraded at Susquehanna

by · The Markets Daily

Susquehanna upgraded shares of RXO (NYSE:RXO – Free Report) from a negative rating to a neutral rating in a research note released on Wednesday, Marketbeat Ratings reports. They currently have $19.00 price target on the stock, down from their prior price target of $20.00.

A number of other research firms have also commented on RXO. Wells Fargo & Company restated a “positive” rating on shares of RXO in a research report on Thursday, September 10th. UBS Group decreased their target price on shares of RXO from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. BMO Capital Markets started coverage on shares of RXO in a research note on Monday, July 13th. They issued an “outperform” rating and a $35.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of RXO in a report on Tuesday, September 1st. Finally, The Goldman Sachs Group boosted their price target on shares of RXO from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.62.

Read Our Latest Analysis on RXO

RXO Stock Performance

NYSE:RXO opened at $19.78 on Wednesday. The business’s fifty day moving average is $21.78 and its 200 day moving average is $21.46. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -32.42 and a beta of 2.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.27 and a current ratio of 1.27. RXO has a 52-week low of $10.43 and a 52-week high of $29.90.

RXO (NYSE:RXO – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. RXO had a negative return on equity of 0.98% and a negative net margin of 1.72%.The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company earned $0.04 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. Research analysts predict that RXO will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Intrinsic Edge Capital Management LLC bought a new position in RXO in the first quarter valued at $3,655,000. Sei Investments Co. lifted its stake in RXO by 71.7% during the first quarter. Sei Investments Co. now owns 133,339 shares of the company’s stock worth $1,949,000 after purchasing an additional 55,680 shares during the last quarter. Fifth Third Bancorp lifted its stake in RXO by 21,691.7% during the first quarter. Fifth Third Bancorp now owns 146,222 shares of the company’s stock worth $2,138,000 after purchasing an additional 145,551 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of RXO by 128.6% in the 1st quarter. Bank of America Corp DE now owns 724,060 shares of the company’s stock worth $10,586,000 after purchasing an additional 407,285 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of RXO in the 2nd quarter worth about $71,283,000. 92.73% of the stock is currently owned by institutional investors.

RXO Company Profile

(Get Free Report)

RXO Inc is a transportation services company that provides asset-light freight brokerage and logistics solutions. Its platform connects shippers with third-party carriers, helping businesses arrange the movement of truckload, less-than-truckload, expedited and other freight. The company also provides managed transportation services, including shipment planning, carrier sourcing, tracking and logistics coordination.

RXO primarily serves customers across North America, supporting freight movements in the United States, Canada and Mexico.

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