RXO (NYSE:RXO) Given New $28.00 Price Target at Truist Financial

RXO (NYSE:RXO) had its target price lowered by Truist Financial from $30.00 to $28.00 in a research report report published on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

RXO has been the topic of several other research reports. The Goldman Sachs Group boosted their target price on RXO from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. TD Cowen lowered their price target on RXO from $19.00 to $17.50 and set a “sell” rating on the stock in a research report on Friday. Weiss Ratings raised RXO from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Barclays upped their price objective on RXO from $20.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.85.

RXO Stock Up 7.7%

RXO stock opened at $21.79 on Friday. RXO has a 52 week low of $10.43 and a 52 week high of $29.90. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of -35.72 and a beta of 2.10. The company’s 50-day moving average price is $26.10 and its two-hundred day moving average price is $20.09. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.30.

RXO (NYSE:RXO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.63 billion. RXO had a negative net margin of 1.72% and a negative return on equity of 0.98%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. On average, analysts expect that RXO will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new stake in shares of RXO during the 4th quarter valued at $25,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of RXO in the 1st quarter worth $29,000. Geneos Wealth Management Inc. acquired a new position in shares of RXO in the 1st quarter worth $30,000. Quarry LP acquired a new stake in shares of RXO during the third quarter worth $33,000. Finally, City Holding Co. raised its position in shares of RXO by 227.6% during the second quarter. City Holding Co. now owns 1,245 shares of the company’s stock worth $34,000 after purchasing an additional 865 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Key RXO News

Here are the key news stories impacting RXO this week:

• Positive Sentiment: RXO highlighted market-share gains and profitable volume growth, including a 2% increase in truckload brokerage volume and a record sequential improvement in gross profit per load. Market Share Gains and Improved Profitability Drive Strong Second-Quarter Results for RXO
• Positive Sentiment: The earnings and revenue beats, along with stronger-than-expected operating metrics, helped drive investor enthusiasm and a positive premarket reaction. RXO Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Citizens JMP upgraded RXO from “market perform” to “outperform” and set a $30 price target, while Truist maintained a “buy” rating with a $28 target, both implying meaningful potential upside. Analyst Ratings
• Neutral Sentiment: Citi lowered its price target from $30 to $23 and shifted to a “neutral” rating, reflecting more cautious expectations despite the quarterly beat. Citi Analyst Action
• Negative Sentiment: Some analysis argues that RXO’s strong revenue growth was driven largely by higher freight rates and fuel prices, while gross profit declined and adjusted EBITDA remained flat. Rising working-capital requirements and leverage also raise concerns about the quality and durability of the recovery. RXO Still Unable To Capture Upcycle Economics

RXO Company Profile

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.